I thought I'd share this excerpt from Casey Research's Senior Editor, Louis James opinions on Fortuna Silver Mines for those of you who may have missed it:Louis James: Sharpen Those Shoppertunistic Buying Skills
Source: Interviewed by Karen Roche, Publisher, The Gold Report 02/10/2010
One of the smaller juniors that we like a lot is Fortuna Silver Mines Inc. (TSX.V:FVI), the Simon Ridgeway company. It's a profitable little company that makes money in Peru, where its Caylloma silver-lead-zinc operation is growing. They've just announced discovering a new high-grade silver-gold mineralization zone there. That's great in itself, but it's much better at a producing mine such as Caylloma because it turns into cash flow quickly.
Fortuna ran into a spot of political trouble in Oaxaca, Mexico a while ago, which made us nervous because that can stop a project cold, and most of the company's near-term growth ties into their San Jose project in Oaxaca. But that problem seems to have blown away. The project is fully permitted now and they're building the mine. So Fortuna is a great little story. With the large upside potential from the San Jose Project in Oaxaca moving forward, it looks very good.
Have a great trading day,