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XMFSinchiruna (26.54)

Fortuna Mine Visit, Part 1



December 28, 2011 – Comments (4) | RELATED TICKERS: FSM

In part because I've been busily updating my analysis of scores of miners in preparation for my imminent lists of my Top 10 picks for gold and silver (listed separately this time), this discussion of my recent visit to Fortuna's new San Jose mine near Oaxaca was overdue.

I hope you enjoy the piece, and please keep an eye out for additional installments coming next month.

I trust you all had an enjoyable holiday, and wish each of you a joyous and prosperous New Year!


4 Comments – Post Your Own

#1) On December 28, 2011 at 2:23 PM, XMFConnor (97.44) wrote:


I really enjoy reading your research-- always informative. I am an experienced investor, but am admittedly new to the metals space. I was hoping I could ask you a few questions:

1) Other than reading your blog, what is the best way to learn more about investing in this space? For example, as someone who knows little about the different grades of gold, mining terms, etc. how can I efficiently learn those necessary building blocks?

2) I have seen you frequently refer to EV/ ore. This seems like an interesting way to calculate it, but would it be better to do EV/ Asset value, where asset value = (proven and prob. reserves * market price of gold (or other metal)) - average mining cost/ore? This way, it would incorporate the costs involved in the mine as well?

I am new to this space, but you have gotten me excited about learning more. Keep up the great work.



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#2) On December 28, 2011 at 4:01 PM, Jbay76 (< 20) wrote:


Great article, thanks!  You and speedybure are really onto something here, and with days like today, its a real blessing.  Happy New Years and I look forward to your 2012 list.

All the best


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#3) On January 01, 2012 at 4:21 PM, XMFSinchiruna (26.54) wrote:

Hi Connor,

I replied in a subsequent post of yours. Welcome to the miners! 

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#4) On January 01, 2012 at 6:07 PM, skypilot2005 (< 20) wrote:


Here is a link to Sinch’s last 50 articles here at The Motley Fool.  You may want to bookmark it.    The list is continually updated. 

Click the Recs "botton" when you find the information contained in an article to be valuable to you.

Sky Pilot

Official Web Link Assistant to Sinch

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