summary... respectable speccy

I have held this for a few months, and like the whole sector it has been sold down heavily.

They do not burn huge amounts of cash, and have put together two earn-in JVs with Inmet and Buenaventura on two seperate projects in under a month. This is worthy of some respect that it is not getting in this market.

Summary:

Cap $1.6m, Cash ~2.5m, options: 24@25c, Top20: 52%.

Projects:

Los Lavenderos Peru: Cu/Mo porph expl.

R/d to 49% for $2 (Inmet) Los Graceros Mex: Cu/Mo expl.

R/d to 39% for $3 (Beaunaventura) Mancha Pampa Peru: Cu/Au/Ag expl, trench 07, soils to 0.5gt Au, 5gt Ag.

New Morenci: Major Cu anomaly 5km from one of worlds largest Cu mines.

El Obispo Peru: Cu/Au/Ag expl.

La Hornera Peru: Au expl.

Dun glen USA: Au expl, chip to 54gt Au.

Jersey valley USA: Au expl.

Tokop USA: Au expl, [email protected] Au.

Denham range QLD: chips to 27gt Au, 8.7% Cu.

50% Cymbric vale.

Arcadia CAN: diam expl.

Humboldt CAN: diam expl.