Mining Interactive: Tumi Options 100% of Exciting La Gloria Gold-Tungsten-Tin Project in Mexico.
-see Nick Nicolaas italicized comments below
I was not able to get this out until now (after 1:00 Market close). The News Release was disseminated pre-open to the market this morning (at 5:30 AM). During today’s trading the stock went down 12% on probably Tumi’s best news for a year. With this kind of news of course, this is a little disappointing.
- To put this project and its prospectivity into perspective, let me be very clear: The gold, tin and tungsten occur together within an open-pitable skarn-host. Any recovery operation will separate all 3 metals. The value of the tin and the tungsten is approximately half (½) the value of the gold. Please reread David Henstridge’ comments above and then we suggest that you do your own calculations. Yes, with the width of the mineralization discovered by the channel samples, this is an exciting discovery!!!
Tumi keeps on adding exciting exploration projects that certainly have great potential to add to shareholder value.
As always - - - Stay Tuned, there are exciting days ahead!
As always - - - Stay Tuned
There is lots of excitement just over the horizon for Tumi!!