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Peruvian Metals Corp V.PER

Alternate Symbol(s):  DUVNF

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

Bullboard Posts
Comment by errussellon May 17, 2012 10:49am
217 Views
Post# 19920342

RE: Love this stock...

RE: Love this stock...

Looks like you are the only one that loves this stock!

There has been next to no buys ever since they announced the intended listing on the Lima exchange. I hope this is because everyone is waiting to see how it influences the SP.

I was concern about an interview with Barrick's CEO when he stated the company was looking at dropping plans for expansion in the south american countries due to the big jump in cost associated with wages, and infrastructure. He stated it was getting very difficult to become profittable with the ever increasing start up costs.

He stated there were areas adjacent to producing sites that the company has shelved  with no specific start up dates.

For info I have a large position in the company and hope things go well and we see some activity soon!

GLTA

Bullboard Posts