Topic: How To Invest

Pat: What are your thoughts on the following company: Tinka Resources? Thanks.

Article Excerpt

Tinka Resources, $0.86, symbol TK on Toronto (Shares outstanding: 74.9 million; Market cap: $63.1 million; www.tinkaresources.com), is developing its 100%-owned Colquipucro project in central Peru. Colquipucro is 25 kilometres from major Peruvian-based mining company Minas de Buenaventura SA’s (symbol BVN on New York) Uchucchacua silver mine. The Colquipucro deposit was mined during colonial Spanish times and periodically between 1825 and 1950. The property was further explored and mined by Compania Minera Colquipucro SA between 1950 and 1954, when it was optioned to Cerro de Pasco Corp., which conducted further exploration and assessment work. In 1960, Minas de Buenaventura SA took over the property and conducted intermittent production and exploration until 1968, when the mine closed. Minas de Buenaventura carried out further exploration work between 1976 and 2005. Tinka acquired the property in 2005. Since then, it has drilled 25 holes and outlined what it believes is a deposit that could hold as much as 32.7 million ounces of silver. Tinka holds cash…