TSX:SUE.WT - Post by User
Post by
razzsson Jan 31, 2011 8:33pm
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Post# 18052606
great read...
great read...The Gold Report Interview with Steve Parsons (01/31/11) | "Sulliden is focused on developing its Shahuindo gold-silver project in Peru, near Barrick Gold's Lagunas Norte mine and Newmont/Buenaventura's Yanacocha mine. It really does fit the bill for a two-part theme I've been talking about for a while. The first part involves my expectation that building cash balances in the mid-cap producer space will spur a pick-up in M&A activity. The second part of the thesis is that the glut of development projects planned for 2013–2016 will undoubtedly create a very tight market for qualified labor and input cost inflation. With this market dynamic in mind, I look to mid-size deposits as probable targets. In particular those projects offering low capex intensity that are relatively easy to build and easy to operate. Shahuindo fits the bill given the open pit, heap leach configuration. As this theme plays out (and it is still early days), I expect the merits of Shahuindo to crystallize and drive Sulliden shares substantially higher." |