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Peruvian Metals Corp V.PER

Alternate Symbol(s):  DUVNF

Peruvian Metals Corp. is a Canadian exploration and mineral processing company. The Company is engaged in mineral processing and the exploration and development of mineral properties in Peru. It focuses on acquiring and developing precious and base metal properties in Peru. The Company's projects include Palta Dorada Au-Ag-Cu property, Minas Maria Norte property, Minas Vizca, and Minas Yanayco property. The Palta Dorada Au-Ag-Cu property is located in the Ancash Mining Department in Northern Peru and covers an area of approximately 2250 hectares. The Minas Maria Norte property is located in Southern Peru in the historic Huachocolpa Mining district, which covers an area of approximately 368 hectares and covers numerous previously exploited Au-Ag-Zn-Pb veins. The Minas Vizca covers an area of approximately 100 hectares. It also owns 50% interest in San Maurizo Mines Inc. (San Maurizo), which focuses on developing the Mercedes gold-silver lead-zinc-copper property.


TSXV:PER - Post by User

Bullboard Posts
Comment by jdc1on Apr 05, 2010 11:33am
682 Views
Post# 16956365

RE: Latest News

RE: Latest NewsHi Kriffle;


I too am bullish on DRV (more so than ever), however I don't think we'll see a big bounce in SP until the outstanding warrants are taken care of. In total, they'll give DRV another $2 million worth of working capital, but of course many folks holding these warrants are currently selling their shares of DRV to cover the cost of the warrants, thus keeping the SP down.

Until DRV has enough cash in the bank to start another comprehensive drilling plan, I think the SP will stay at these depressed levels. In other words, if you believe in DRV's story, than this is a great time to buy IMHO.

Once DRV starts drilling again, in concert with Penoles' drilling resuts, I think DRV will see a very significant revaluation. I believe it will be a prime target for a take-out this year - maybe as soon as late spring FWIW.


Cheers;

jdc
Bullboard Posts