Augusta Res Corp (NYSEMKT:AZC)

CAPS Rating: 1 out of 5

The Company is engaged in the exploration and development of mineral properties located in Pima County, Arizona and White Pine County, Nevada.

Recs

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Player Avatar Teacherman1 (57.76) Submitted: 1/2/2013 11:49:18 AM : Outperform Start Price: $2.49 AZC Score: -6.76

Closed and re-opened to more accurately reflect my actual start price for a loger term hold.

Still waiting for final permits to begin actual mining, but still feel confident they will get them eventually.

One problem with the way the EPA caters to vocal "over reactors" in this country, is that it takes much longer to get a mining operation up and running, than almost anywhere else in the world.

They have funding in place, and commitments from solid companies to purchase the output when they get going.

I still think this will turn out to be a good investment in the longer term, but unless you are patient, I would not recommend you getting in at this time.

JMO and worth exactly what I am charging for it.

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