Bigbeach2010-Alan Barry Newsletter on EXMINBigbeach,
LRoulson didnt do a write but here is a recent write upo from AlAN BARRY Nov letter -
Exmin is transitioning from purely an exploration company into a mining company. They have a 30% interest in the Moris mine that has recently been brought into production by Exmin and their joint venture partner Hochschild Mining PLC.; this is an open pit mine located in Mexico. We are shareholders of the company.
Hochschild is a large-scale mining company based in Peru with mining operations throughout Latin America, which focus on precious metals. All of their current mines are underground operations except the Moris mine. Companies like Hochschild are only interested in large-scale operations. The fact that Exmin has been able to attract them as a partner says a lot about Exmin’s ability to acquire high quality projects.
In addition to the open pit mine at Moris there is a great deal of exploration potential as well on the main claim and the 73 000 hectare property surrounding the Moris mine claim block. This surrounding ground is also part of the same 30-70 joint venture between Exmin and Hochschild. This project and the surrounding ground are in good shape for exploration potential and are cornerstone projects for Exmin that can significantly help their growth potential.
The Moris mine is not the only asset the company has. In fact, they have many other projects and one of their other projects also attracted a major mining company, Industrias Penoles, as a joint venture partner. Attracting two large mining companies like Hochschild and Penoles is a clear sign that Exmin is able to acquire projects with large scale potential.
They have several projects with a lot of potential and the goal will be to unlock this potential with future drilling. Exmin has been a very busy company on the acquisition and deal making front for the last few years and it looks like those efforts are on the verge of being rewarded in the near term.
Exmin’s stock symbol is EXM and the shares trade on the Toronto Stock Exchange Venture market. Their website is www.exmin.com. Their website contains past news releases and additional information to do your own due diligence.