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Fortuna Mining Corp T.FVI

Alternate Symbol(s):  T.FVI.DB.U | FSM

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc., is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan. The Seguela Mine in Cote d’Ivoire consists of the Antenna, Koula, Agouti, Boulder, Ancien, and Sunbird deposits, which will be mined via open-pit methods. Its Yaramoko Mine is in the Hounde greenstone belt region in the Province of Bale in southwestern Burkina Faso. The Lindero Mine is in Salta, Argentina. The San Jose Mine in the Taviche Mining District, Oaxaca, Mexico, produces silver and gold. Caylloma Mine in the Caylloma District of Arequipa, Peru.


TSX:FVI - Post by User

Bullboard Posts
Comment by sysaphuson Jul 04, 2012 9:52pm
386 Views
Post# 20083071

RE: Thinking about investing

RE: Thinking about investing

Or maybe FVI has been doing everything on the up and up but it's mostly the anti-mining spin that's getting all the attention.

Mexico is a long way away and all facts pass through many filters and spin machines before they reach us. Plus we all know how much the media loves conflict. If they can spin it that way to create more interest you know they're not above doing that.

The best and only thing you can do for yourself is solid DD. Part of that being the knowledge of the country and even the area within the country you are considering investing in.

That also includes knowing that much of the news we get up here is pseudo news from organizations that have an interest in scaring off miners and their investors.

 

It is my personal opinion that most, if not all, of these more serious protests will eventually fade away simply because they are based on  misinformation. No question at one time the protesters had a valid point but IMO modern mining is not the rape and pillage it used to be.

As more mines inevitably  go into production and remain clean and bring a better standard of living to people in the area, resistance to mining will fade. That being said I think a certain amount of resistance is a good thing as it keeps the miners on their toes and ensures they do the right thing.

Problem is how long will that change take and do you have the stomach, time, and money horizon for it?

 

Certainly if one is going into an investment situation where protests may be a problem, like many in Central and South America are, it's best to go with a well run producer as they will already [hopefully] have a leg up on community relations and a profile that is community positive re jobs, schools, medical etc. so the majority of the community sentiment will be favorable. Which I think is the case here.

Know too that no matter how good the miner's reputation is in the community there will always be voices against it. Always. You can see that's true even in Canada where almost every mine has it's protesters and opponents. It's the nature of the beast.

If you do decide you like the odds IMO things are stupid cheap right now. If not, invest only what you can afford to lose and/or buy in mining friendly countries only.  Or get out of juniors altogether. There is no shortage of safe dividend paying investments in and out of mining.

Your money will be safer and you may sleep better you'll be likely be giving up the chance and fun of making the big score.

 

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