Austrian Newsletter - Many good reasons for TaraAustria Market Letter: Many good reasons for Tara
The experts of the Austria market letter for keeping Mexico one of the world's most
attractive region for the mining and the search for raw materials. Moreover, the
political situation is stable and good transport infrastructure. Tara Gold Resources is
bankschuldenfrei and buys, explores and develops resource properties in Mexico. The
company has several promising projects and a 80-percent stake in May 2006, formed in
the subsidiary Tara Minerals. Tara Gold also offer potential for capital appreciation
interests in Paramount Gold and Silver Corporation, the NWM Mining Corporation and
the private exploration company with La Camera Mining. Tara Minerals has been
promoting the third quarter of 2009 already zinc, lead and silver in the flagship project,
Don Roman and Lourdes. There is ongoing research for silver and gold. An offtake
agreement and an agreement on free technical assistance to classify Tara Minerals with
a Mexican subsidiary of the resources company Glencore International, the experts as
very beneficial for Tara Minerals. The company may also buy the 20 kilometers away
from the Mexican town of Choix property Centenario, in whose land is gold are silver,
copper, lead and zinc. The 90-percent stake of Tara plays at the Adit Minerals
Resources Corporation a major role for Tara Minerals. The Picacho area of Adit
Resources has a gold and silver in vein structure. In addition, there exists a processing
plant with a capacity of 250 tons per day, two ball mills, a mineral separation plant and
other equipment. Adit CEO Robert Wheatley wants to put the company in the next six
months on the stock market, but also a joint venture with a mining group were
possible, which should both Tara also do well. The market capitalization of Tara
Minerals is currently at 77 million euros, the 80-percent share of the gold to Tara Tara
Minerals holds, then, is worth 61.6 million euros. CEO of both companies is Francis
Biscan Jr., who can identify with Tara Gold but only a market capitalization of 36 million
euros. Tara Gold is clearly undervalued, therefore. In addition, Tara Gold is planning a
listing on the American Stock Exchange (AMEX), which will make investors more aware
of the papers. The relevant conditions are met almost entirely, so the listing can soon
be applied. Also, the property of Tara Gold itself is interesting. For example, should the
project La Currita medium term will be started with the mining of gold and silver. Since
the stock of Tara Minerals only in Berlin and then only with very low volumes traded,
investors should take risks, a purchase limit of 1.52 euros strictly observe or act on the
U.S. Nasdaq. The share of Tara Gold is acting essentially in Frankfurt and liquid
kaufenswert with a limit of up to 0.39 euros.
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