Posted On: 12/12/2014 7:17:57 AM
Post# of 9903
Re: bigmoneytrader #5555
When Stock Market Bubble Crashes, Take Refuge in Gold Stocks
What are the risks of being in this part of Mexico?
MB: Whenever you talk about mining in Mexico, you worry about illegal activities. U.S. Precious Metals has decided put together a security force mainly because there's a lot of gold that can just be panned from the dry riverbeds on this property in the Tierra Caliente region. So management has decided to provide its own security. But U.S. Precious Metals and its associates are very close to the Mexican government, so I believe the risks are minimized. When I visited the property I saw a road being built to the property by the Mexican government.
Mexico is still a country that has to be mined in spite of the new 7.5% tax. A lot of good players are there: Coeur Mining Inc. (CDM:TSX; CDE:NYSE), Hecla Mining Co. (HL:NYSE), Endeavour Silver Corp. (EDR:TSX; EXK:NYSE; EJD:FSE). U.S. Precious Metals is likely to become a big copper-gold play with a silver byproduct. I think management has really done a good job of minimizing the risk with respect to the cartels and the exploration risk.
http://www.marketoracle.co.uk/Article45211.html
What are the risks of being in this part of Mexico?
MB: Whenever you talk about mining in Mexico, you worry about illegal activities. U.S. Precious Metals has decided put together a security force mainly because there's a lot of gold that can just be panned from the dry riverbeds on this property in the Tierra Caliente region. So management has decided to provide its own security. But U.S. Precious Metals and its associates are very close to the Mexican government, so I believe the risks are minimized. When I visited the property I saw a road being built to the property by the Mexican government.
Mexico is still a country that has to be mined in spite of the new 7.5% tax. A lot of good players are there: Coeur Mining Inc. (CDM:TSX; CDE:NYSE), Hecla Mining Co. (HL:NYSE), Endeavour Silver Corp. (EDR:TSX; EXK:NYSE; EJD:FSE). U.S. Precious Metals is likely to become a big copper-gold play with a silver byproduct. I think management has really done a good job of minimizing the risk with respect to the cartels and the exploration risk.
http://www.marketoracle.co.uk/Article45211.html
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