Peruvian Metals Corp V.PER

Alternate Symbol(s): DUVNF

Metals & Mining Industrial Metals & Minerals

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.

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Peruvian Metals Corp

Bullboard Posts

Comment by jdc1on May 01, 2011 9:52pm

455 Views

Post# 18515685

RE: Free trading shares

I hate to simplify things too much here, as I am definitely not as savvy as some of the other DRV investors, but I like this simple math:

57 million at 13 cents cost $7.4 million.

If you sell 20 million shares at 37 cents you get $7.4 million. I'm kinda hoping that the original buyers in to the PP just want to get their initial investment back, and keep the rest of the shares to reap the long term benefits of DRV's potential.

That means just another 3 million shares, as it seems 17 million have probably already been sold ?

GLTA; jdc

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