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Tinka Resources Ltd V.TK

Alternate Symbol(s):  TKRFF

Tinka Resources Limited is a Canada-based exploration and development company. The Company is engaged in the acquisition and exploration of mineral properties located in Peru. The Company’s flagship property is Ayawilca Zinc-Silver-tin project, located 200 kilometers (km) northeast of Lima, in the Pasco region of central Peru. The Ayawilca Zinc-Silver project is located 40 km northwest of the Cerro de Pasco mine (copper-zinc-lead-silver), and 100 km south of the giant Antamina mine (copper-zinc). Its Silvia Project consists of 16 granted concessions for 10,906 hectares, located in the Department of Huanuco in central Peru. The project lies approximately 80 km south and along strike of Antamina. The Company has also granted with two mining concessions totaling 1,200 hectares, namely Pampahuasi Property. The Colquipucro silver Zone is located 1.5 km north of the Ayawilca Zinc Zone.


TSXV:TK - Post by User

Bullboard Posts
Post by Bedilgenton Sep 01, 2013 7:34am
291 Views
Post# 21712160

Specboy2011

Specboy2011THe GMP boys must be running out of funds to prop up the share price. TK still has a market cap of almost 55 million with approximately 2.4 million in cash and change on the books. There burn rate last year was almost that much if you look at the recent sedar filings. They got there permits for more drilling but will obviously have to raise more cash to do this. I also believe the GMP boys have a lot of investors in at much higher prices than where the share price currently stands and that could put a ceiling on the share price even if they do bring out more good drill results. The problem with these types of deals is that the brokers overload their accounts with shares and continue to buy more shares all the way down again from the highs. The deal of a lifetime and there is nothing like TK in the mining sector. When do you think TK could be a buy for a trade based upon what they have accomplished to date or is it still overvalued here at these prices. It was clearly not worth a $1.20 plus a share back in March of this year.
Bullboard Posts