Jay Taylor’s report on Latin American Minerals
Latin American Minerals Inc. (LAT) has been a stock on my radar screen for the past several years. It was brought to my attention by Richard Boulay, who has just resigned from his post on the board of directors. The company’s apparent ability to start cash flowing earlier than most projects was an initial attraction for me. But with the downturn in the price of gold and the depression in the mining sector starting in 2011, I was in no hurry to add this or any other name to my list. However, recently Leo Karabelas, who I know from Novo Resources, reminded me of this story once again. Given the presence of some serious financing from Eric Sprott, some strong technical additions to the company’s management team, and a project that looks amazingly good, I just couldn’t put off bringing this story to your attention for the first time. Another strong positive is the addition of Dr. Quinton Hennigh, who has directed the company’s current 10,000 meter drill program.
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