I will be purchasing shares after this report goes out. Not a lot.
Perhaps 7,000 shares at 55 cents to start if I can get them. Enough to keep track of Alain Bureau and his crew, including brother Loic and other Quebecois ... and just as importantly a slug of Petaquilla Minerals refugees from Panama on the geology and project management side. These include John Kapetas and Octavio Choy.
The team is heavily represented by engineers, logistics experts and geologists who have worked in Chile, Venezuela and Peru, where Mr. Alain Bureau spent a bunch of time.
If all stays on course, Cerro Quema easily could begin 1,500 tonnes per day production on gold (with copper coming later) by year-end 2013 or so. There is also plenty of room in my view for resource expansion of what is now defined as almost half a million ounces gold equivalent measured and indicated. I am rounding off numbers here.
That resource expansion will be coming soon. Much of the current drilling and most recent drilling is not included in current feasibility studies -- which is a positive for upside valuation of the company.
I like Panama. Always have. For projects on the verge of production, it is a winner in all respects.
Plus, the mine life of Cerro Quema will lengthen in a way that will please investors who look for annuities of sorts in minerals.
Pershimco also has a joint venture with Osisko Mining within an hour's drive of Val d'Or in Quebec. I have not seen that, or maybe I have, but not with Pershimco.
Anyway, there you go. Pershimco. One of five probable fast gainers within the next several weeks.
The five, again:
1. Pilot Gold (PLG in Canada). Turkey and Nevada. Soon to be a $3 stock, up from $2. See previous reports.
2. Colt Resources (GTP). Gold. Tungsten. Portugal. $1 stock within weeks. I own a lot.
3. Pershimco Resources (PRO in Canada). I loved what I saw in Panama a few weeks ago. I bite my tongue when I say this, but at this point, there is a less than 5 percent chance that the company's structured timeline for production of gold (and copper) will run late.
4. Ivanplats (IVP in Canada). One of the largest mining IPOs in Canada in many years. The Congo (DRC). South Africa. Platinum. Copper. Zinc. Gold. I have owned it for 10 years and likely will as events unfold. A listing in London is forthcoming.
5. Colombian Mines (CMJ). Well how about that? I think I surprised myself with that one. YES, Bob and Gloria take (almost) FOREVER to get things done. Yes, the company avoids promoting itself and even, in one recent instance, surprised investors with mention of yet another Colombia property it controls: Mercedes. But where do I get a heap of Colombia's mineralized prospects in one tidy $16 million package? Plus, the integrity of the Carringtons and their tiny CMJ team is without scourge, without question, without blur or stain. The scope of CMJ's fully permitted concessions in Colombia stoke my synapses, thus blowing hectares and hectares of my mine. Er, sorry, my mind. I own it.
Yes, there are other ways into large hectare packages of prospects in Colombia, and elsewhere around the world. In Colombia these include Grupo de Bullet, which essentially is private and which owns about a quarter of Continental Gold (CNL), with stakes in several other Colombia mining and prospecting enterprises.
In the public market, aside from those merchant banks mentioned earlier, the best of the best in terms of prospects and producing mines is Gran Colombia Gold (GCM), which is one of our anointed seven at TCR.
That is all for now. |
Thread abonnieren
