Opinions
Paul VanEeden
Lara Exploration
LRA-X
COMMENT
Feb 05, 2008
Stock price when the opinion was issued
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(A Top Pick Sept 15/11. Down 10%.) Multiple commodities with projects in Brazil, Peru and somewhat in China. They generate ideas and bring people in to fund it and explore their projects. Their projects have done reasonably well. Thinks they have 15 projects that are being explored with other people’s money.
Prospect generator where they generate concepts, ideas, targets in Colombia, Brazil and Peru and they bring in somebody else to spend the money on it, testing the targets. Have 25 million shares out and have $5 million in the bank. Have 14 projects being drilled by partners. Just announced what could be a copper/gold intercept discovery in the Codelco region in Brazil that he likes the looks of.
He knows it well and their president. Their recent project hit 220 meters almost 0.5% copper in Brazil. He sees the potential for a lot of ton, so now it comes to grade. He's looking for 200 million+ tons of 0.5% or better. Their
game plan is to bring in a partner after discovering a few more holes.