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Metminco - can it find the funding to finance Peruvian copper venture?

By Robert Tyerman | Wednesday 29 July 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Institutionally unloved copper and molybdenum developer Metminco (MNC) is talking to potential backers and would-be partners about raising at least $10 million (£6.6 million) towards funding pre-feasibility and feasibility studies on its flagship Los Calatos copper and molybdenum project in southern Peru, holding an estimated mineable resource of 94 million tonnes with 0.88% copper and 0.05% molybdenum.


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