Junior Mining Companies: The Treasure of the Sierra Madre

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Today, mining in Mexico may be more exciting than ever. Many of the old mines, closed in the 1990’s, are being re-opened by junior mining companies. For the most part they are fully permitted. Many have existing reserves and working (or upgradable) infrastructure.

...Today, mining in Mexico may be more exciting than ever. Many of the old mines, closed in the 1990’s, are being re-opened by junior mining companies. For the most part they are fully permitted. Many have existing reserves and working (or upgradable) infrastructure. This has allowed many juniors to move from IPO or “shell company” and into production without doing years of drilling to determine feasibility. This “boot strap” mining method is proving to be very viable in Mexico. Several companies have chosen to use their capital to re-open existing mines and quickly generate cash flow for developmental drilling to expand reserves. The old saying is “the best place to find gold is at a gold mine”. This is proving to be true in Mexico where modern engineering, geological modeling and drilling techniques have never been implemented....

Bob Moriarty of 321 Gold has written many pieces on the Mexican Mining Industry. His work is excellent and I love to read his stories of touring mines around the world. Bob has traveled the Sierra Madre extensively and is a big fan of the “boot strap” mining method. He is very bullish on Mexico...

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