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.

TSXV:PER - Post by User

Peruvian Metals Corp

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Comment by Hookboneon Mar 24, 2012 2:56pm

470 Views

Post# 19713753

RE: What gives here!

Mr. Trader,

IMHO Duran does not have enough money to complete another round of drilling to firm up the inferred copper rates, they have enough to get started, but not enough to finish. From what I have learn about Mr. Reeder he seems to be the guy who only bangs the drums to get eyes on the stock and to get institutional interest when he needs to, that is why he has been so quiet as of the last few months, but according to my sources, he is out and about again which to me means something is going to happen soon.

IMHO there is a PP coming, probably in the 11 cent range. This also makes me think this is a great buying opportunity. These guys have the goods, patience is the key.

Full disclosure - I have owned DRV in the past, but sold for a nice double back in the mid 30 cent range. I plan on buying as much as I can once the PP is announced.

Hope this helps.

Hookbone

Always do your own DD.

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