Zaruma's News - My Thoughts
in response to
by
posted on
Jul 19, 2011 10:11AM
Does anyone think that Mr Major (new Director on Zaruma board) isn't talking out both sides? Suggesting in last conference call that there would be no interest in Zaruma as they were a copper miner…suddenly he is now a director there!? So, once Zaruma gets out of the NEX penalty box and onto tsx-v; any bets on what WTG will want to attempt? Anyone? From what I"ve heard, Zaruma has quite alot of potential. I see an MO forming here…
Comments from MERC24:
…This will be be their payoff. If the stock went to .15 on just the news that a deal was looked at a few months back, where will teh price go once they announce everything is done and they are starting construction of the mine again? They will be in production by early 2012 for copper and maybe even gold at these prices. Do the math, if they have 90,000 ounces right now of gold at 1600.00 and their cost is only 500.00, that is a profit of 1100 an ounce. That is 99million profit alone in gold for what they have. And it is easy to produce unlike other companies that have discovered gold, yet have no mine or production even setup. Add copper to this at 3.00 per pound profit times 16million pounds a year is another 48million profit. The 30 million loan will be paid off in the first year or less. Then look for them to start drilling again on the open ended points for more copper and gold. Read some of the old reports and you will find out how big this project can get. Time will tell.