RE:RE:Junior mining companiesWell I cannot tell you how I know things since I can loose my job!!!
but I have seen a lot of mining companies visiting duran venture el aguila
property. I also know they have contacted other mining companies as well.
i have talked to other geologists from other companies and they have told
me that the people from duran ventures have offer them el aguila project.
the thing is that in Peru the mining industry have suffer a lot and prices
are down. Last 10 years good things happen in the mining industry . Constancia was
sold to Hudbay, toromocho was sold to Chinalco, etc
the other thing is that there are no mining companies looking to buy projects right now they
dont have money for that and prices aren't good, companies are looking for a
joint venture with a better deal, say Anglo American Quellaveco project they are
in conversations with the people of southern Peru to develop the mine.
but for sure I can tell you that 0.02 is a cheap price for a stock and I think the stock
can go up for sure, but as you know it depends in other factors (reserves, prices, quality of
% copper, etc). Question: does el aguila project has a proyected yield and financial results? Any
cut off grade, NPV value? I haven't seen one.