We have the opportunity to listen to Rob McEwen today: a lot of investors will be surprised that GDXJ has outperformed S&P this year. Despite of despair in the Gold market place the Gold performance and Gold miners performance is changing this year and Gold miners are leading the Gold. As you know, we are following Los Azules copper here with TNR Gold, today you can appreciate the potential value of this asset based on Lumina Copper buyout. Rob McEwen finally started to promote Los Azules: "... Soros moves to Argentina ... Lumina Copper was bought out ... there is an asset there which we will continue to market."
Acquisitions signal a turning market for miners. Canadian Junior TNR Gold holds back-in right into one of the largest copper deposits in the world.
"Los Azules is a unique, long-life, copper mining opportunity in Argentina," commented Kirill Klip, Non-Executive Chairman of TNR. "Recent acquisitions, which include the Las Bambas copper mining project in Peru acquired by Minmetals Group from China and the Taca Taca copper deposit in Argentina acquired by First Quantum Minerals, confirm there is significant value to be realized for projects in this region. We are pleased that large-scale, capital intensive projects like Los Azules are attracting attention from global mining companies, increasing our ability to monetize our portion of the asset."
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