Lawrence Roulston
Exmin Resources
EXM-X
BUY
Mar 07, 2007
Have some very substantial exploration silver/gold projects in Mexico. Have been effective in bringing joint venture partners in. One project is very close to production. Has been held back by warrants being exercised. That is now out of the way.
Early-stage and cheap. Very large property position in Western Mexico. Upside potential is very significant. A pure “roll the dice” exploration play. High-risk/high reward. Very highly speculative.
Hasn't done enough work on this to give a really good opinion. Has a high respect for management. Likes that they staked very large districts and acquired what they couldn't stake. They then joint ventured these properties to others.
Merging with Lundin Mining (LUN-T) to create a mid-tier copper/zinc mining company. Lundin brings in a couple of operating mines as well as an extraordinary range of international projects.
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