Re: LAT
Hi X2,
Read this on another site, might shed some light
During the December quarter, Latin Gold announced its intention to lead a consortium to bid for the Michiquillay copper project in the Cajamarca department in Northern Peru.
The project, which is owned by the Peru government-controlled Minero Peru, is a porphyry copper deposit that according to Pro-Inversion, contains “reserves” of 544 Mt grading 0.69% copper, 0.1-0.5 gpt gold and 2-4 gpt silver using a 0.4% cut-off.
Latin Gold's consortium, which includes leading Peruvian mining identity Augusto Baertl and an ASX listed mid tier company with a market capitalization of greater than A$700 million with Latin American experience (who for commercial sensitive reasons does not wish to be named), stands a better chance of winning than most.
Cheers