Tara Minerals Corp TARM

TARM filed 10Q late today

[HHAPPY]

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Here is capsuled discussion as part of filing-
"Form 10-K for TARA MINERALS CORP.

15-Apr-2011

Annual Report


ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION.

Tara Minerals was incorporated on May 12, 2006. During the period fromits incorporation through December 31, 2010 Tara Minerals generatedrevenue of $160,421 and incurred expenses of $658,007 in cost of sales;$2,473,709 in exploration expenses and $20,372,340 in operating andgeneral administration expenses. Included in operating and general andadministrative expenses is a non-cash charge of $7,648,704 pertaining tothe issuance of stock options.

Tara Minerals anticipates that its capital requirements during the twelve months ending March 31, 2012 will be:

Exploration and Development - Centenario $
250,000
Property payments and taxes - Centenario 25,000
Exploration and Development - Choix/Pilar 100,000
Property payments and taxes - Choix/Pilar 30,500
Exploration and Development - La Verde 500,000
Property Payments and taxes - La Verde 62,000
Exploration and Development - Don Roman Groupings 650,000
Property payments and taxes - Don Roman Groupings 3,500
Exploration and Development - Picacho Prospect 2,500,000
Property payments and taxes - Picacho Prospect 40,000
General and administrative expenses 375,000
Total $
4,536,000


The capital requirements shown above include capital required by Tara Minerals and subsidiaries.

Tara Minerals will need to obtain additional capital if it is unable togenerate sufficient cash from its operations or find joint venturepartners to fund all or part of its exploration and development costs.

As of March 31, 2011 Tara Minerals has sought to expand and advance theDon Roman Groupings project by acquiring additional highly prospectivemineral claims; and by opening up the project to numerous parties thathave expressed an interest in the possibility of becoming an operatingpartner in the further development of the Don Roman Groupings. Interestfrom various parties have also been expressed towards El Oro (aconcession within the Don Roman Groupings), Tara Minerals iron ore,gold, copper prospect. Based on this interest, Tara Minerals has beeninvestigating the economic merits surrounding the iron ore market, hasfound favorable results, and is now working on a number of developmentstrategies relating to iron ore.

Tara Minerals' future planswill be dependent upon the amount of capital available to Tara Minerals,the amount of cash provided by its operations, and the extent to whichTara Minerals is able to have joint venture partners pay the costs ofexploring and developing its mining properties.

Tara Mineralsdoes not have any commitments or arrangements from any person toprovide Tara Minerals with any additional capital. If additionalfinancing is not available when needed, Tara Minerals may continue tooperate in its present mode or Tara Minerals may need to ceaseoperations. Tara Minerals does not have any plans, arrangements oragreements to sell its assets or to merge with another entity.

See Note 1 to the financial statements included as part of this reportfor a description of Tara Minerals' accounting policies and recentaccounting pronouncements.

ITEM 7A."