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Posted: Friday May 2 4:36:49PM 2008
ZMR.to hot again today. Hit intraday hi of .40. Closed at +.04 to C$.39 on volume of 1.375million shares traded.
There is still upside to Zaruma. Should end up above a buck when full commercial production shows up in the financials next year. Bobwins
Posted: Wednesday Mar 5 9:24:46PM 2008
Zaruma has been rallying with copper. Copper is $3.90+, confounding the experts who wrote it off last year. The grwoth of Chindia will keep demand high.
ZMR.to +.03 to C$.27
Construction of the mine and production set for completion in late 08/early 09. 15 million pounds annually. Should cashflow .15 to .20 annually once in full production.
Posted: Monday Jan 14 11:03:22AM 2008
Zaruma reports on drill results. They found additional extensions to the Luz del Cobre ore body as well as new exploratory areas nearby. Once incorporated into an updated NI-43 101 report, this should extend the mine life beyond the original 6 to 7 years.
That was a weak point of this startup but mgmt has always contended that they believe that there are multiple mines in their land holdings and mine life was not a real issue. The financing by Glencore gives them credibility because Glencore is one of the biggest smelter operations in the world.
Posted: Friday Nov 2 6:22:38PM 2007
Good evening Mr. Bobwins,
The market is in accord with you. Zaruma shares traded @ 0.24 today. I agree this one sounds great. I do not know if it impresses many people here, but the financing (as you know) is from Glencore International. These people hold a big position in Xstrata (XTA on the London Stock Exchange). When I saw that Glencore International is the group backing the Zaruma project in Mexico, that was (more than) good enough for me. One dollar . . . here we come.