Ayawilca has elephant capabilities ...
Expert Analysis
The Gold Report Interview with Michael Ballanger (1/18/13) "Tinka Resources Ltd.'s Colquipucro property in Peru is a great asset. I have been recommending Tinka to Gold Report readers since 2009. . .in December 2012, Tinka moved its Zone 1 silver resource from 20.3 Moz to 32.7 Moz, under budget and in a very acceptable timeframe. The share price responded; the market went to $0.75–$0.80/share. If the company moves forward over the next 6–12 months to a level representative of fair value relative to its proven resource, it can do a much bigger financing at fair value. This gives the early shareholders a significant lift and, most important, a reason to hold the shares. . .
"The second thing that sets this resource apart is that it is all on the surface; it is in an oxide zone, amenable to leaching, and you get 97% recovery rates after 72 hours using bottle-roll technology. The feasibility of putting something like this into production with a very low capital expenditure is extremely high. This offers a level of security for Tinka's shareholders—you can get that valuation metric with very little risk. Ayawilca is a new, massive zinc sulphide discovery made in late 2011. It is my passion. I am a base metal person and massive sulphides are the Holy Grail for me. When Tinka started hitting intercepts of massive sulphides containing economic-grade zinc, the hair on the back of my neck started to stand up; this thing has structure.The geophysics say that Ayawilca has elephant capabilities ... I am really excited about Tinka and its current share price objective has not factored in Ayawilca." More >