January 15, 2013 02:06 pm
I have just read the Taca Taca report that was posted on the 4th of January. This report was written by an independent agancy and underlines everything that we already know. The Taca Taca property is rich on copper, gold and molybdeneum. In this report the agency confirms all press releases made by Lumina.
So everything is well? No.
In chapter 14.15 they also underline the political risk that may occur in Argentina. I think Lumina should talk to the government. They have to make sure that a suitor has some kind of guaranty that the company won't get nationalised. Maybe they already have?
Any comments or remarks?
January 15, 2013 06:41 pm
I just reviewed it also and found all in order except for the political risk item.
Then I reviewed CCD's MD&A (on Sedar) and noticed this...
In October, the company (CCD) agreed to enter in a MOU with Lumina Copper on the Franscisco I & II claims that adjoin the Taco Baja deposit to the west. Cascadero holds a 25% interest in these properties and will fund 25% of the exploration program.Just to keep things informed.
January 15, 2013 06:45 pm
That's just one of the reasons why the suitor will be Chilean. Argentina and Chile have a special relationship. They wouldn't do that to a Chilean company.