S&P Over TSXV indicates a Major Move For Mining Stocks!
The Chart above is very supportive of investors putting more capital in Mining stocks. There are a number of reasons we should be bullish on the Macro front. The continued unabated printing of money will eventually drive inflation and is already being felt in metal prices. As metal prices turn from their bottoms and rise mining stocks turn as well. It has happened in the larger mining companies and now smaller junior mining companies are coming off their bottom.
Chilean Metals is depending on definition used either a Nano or microcap stock. The Microcaps typically are seen as between $50-300 million and Nano under $50 million. These stocks typically struggle to be noticed and to raise capital. Chilean certainly has gone through this period and only now with the recently completed $3 million dollar financing has it positioned itself to grow going forward.
Companies at this stage are speculative. Its not right for everyone but if you plan to invest in mining, I would allocate 25-50% of your mining investment portfolio to a basket of these stocks. Your looking for these stocks to move from single digit or low double-digit millions to triple digit millions. Most will not make it but in the environment, we see developing we believe Chilean has an excellent chance to make such a move. Let’s look at the specific action items Chilean is attempting to execute on so that you understand what we are trying to do and can follow along as we report on our results.
The company was formerly known as International PBX Ventures Ltd. and changed its name to Chilean Metals Inc. in February 2014. Chilean Metals Inc. is headquartered in Toronto, Canada.
About Chilean Metals Inc
Chilean Metals Inc., a mining exploration company, engages in the acquisition and exploration of mineral properties in Chile and British Columbia . The company explores for gold, silver, copper, cobalt, and iron deposits. It owns 100% interest in Zulema property covering an area of approximately 4,300 hectares situated in the Atacama mineral belt in Chile’s 3rd region; Palo Negro and Hornitos properties that covers an area of approximately 9,000 hectares located in the Atacama Province of Chile’s 3rd region; and Tierra de Oro property covering an area of approximately 5,667 hectares located in the Chile’s prolific iron oxide-copper-gold belt. The company was formerly known as International PBX Ventures Ltd. and changed its name to Chilean Metals Inc. in February 2014. Chilean Metals Inc. is headquartered in Toronto, Canada.
In addition, the company has announced a agreement to acquire the Golden Ivan property located in the heart of British Columbia’s Golden Triangle. Please see the press release for the details.
Zulema is located 30 Kilometres from Lundin Mining Corporation’s Candelaria mine and with similar geology, the Company’s Zulema project comprises 4,300 hectares (10,600 acres) in the heart of the productive Atacama mineral belt in Chile’s 3rd Region.View Project
Palo Negro and Hornitos
The contiguous Palo Negro and Hornitos properties, 100% owned by Chilean Metals, together comprise over 9,000 hectares (23,000 acres) in the Atacama Province of Chile’s Third Region.View Project
Tierra De Oro
Chilean Metals’ wholly-owned Tierra de Oro (TDO) property is located in Chile’s prolific IOCG (iron oxide-copper-gold) belt. The belt hosts numerous copper-gold deposits including Mantos Blancos, Manto Verde and the nearby Candelaria IOCG deposit.View Project
Copaquire is located in Chile’s 1st Region, 125 kms south of its capital city, Iquique, on upland plateau in a very well-endowed mineral neighbourhood and readily accessible via well-maintained all-weather roads.View Project