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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Post by silvermountainon Apr 23, 2016 10:36am

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Post# 24802212

Consolidation

You can bet that they will consolidate shares very soon. They will need money. I imagine they have less than 2 million in the bank and are probably burning through 100k per month. So at that burn rate and potential delays and changes to their plans, ( their plans always change)these guys will want to make sure they have enough in the bank to pay all their salaries and keep the little boys club rolling along 1/7 is my bet

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