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Panoro Minerals Ltd V.PML

Alternate Symbol(s):  POROF

Panoro Minerals Ltd is a Canadian copper exploration company. The Company is principally engaged in the acquisition, exploration, and development of mineral properties in Peru. It is advancing its flagship Cotabambas Copper-Gold-Silver Project (the Cotabambas Project) located in the strategically important area of southern Peru. In addition to the Cotabambas Project, the Company retains a minority equity interest in the Antilla Copper Project plus a 2% net smelter return (NSR) royalty. The Company also owns a 2% NSR on the Kusiorcco Project operated by Hudbay Minerals as well as three early-stage exploration projects in Peru. Its Cotabambas project is a porphyry copper-gold-silver deposit, located 48 kilometers southwest of the city of Cusco, in the Apurimac region in Southern Peru. Its portfolio includes Humamantata Project and Kusiorcco Project. The Humamantata property is located in Southern Peru and covers an area of 3,600 hectares.


TSXV:PML - Post by User

Bullboard Posts
Post by vindaloo_u2on Feb 19, 2011 12:41pm
358 Views
Post# 18164079

in

ini took a bite of this on thursday with minimal dd.  I liked the chart and wanted a peruvian copper/gold...so far so good.  The push downwards from the 52 week high can most likely be attributed to the large short position made recently (over 1million).  You can never be sure, however, of these numbers....may be scare tactics.  I've seen shorts dissolve on juniors without the volumes necessary to cover in the past.  I've also noticed insider selling.  Don't know what to make of that.  The JV thing was also odd.  Resources are large but inferred...another drawback.
-but with a MC under 50mil in this district with such great potential to prove and expand...it's worth the bet...hopefully i've made the right decision.
Bullboard Posts