zondag 1 april 2012

Investing In Gold & Copper in the Philippines

Investors have been losing interest in gold mining stocks over the last year. I pointed out in my previous article that gold mining stocks are now a bargain at these levels. In this article I will shed light on investment opportunities in the Philippines.

The reason why I chose this country is because I like its fundamentals. The Philippines are one of the most mineralized countries in the world and ranks first in proven mineral resources in South-East Asia (Figure 1). It ranks in the top 5 in gold, nickel, copper and chromite reserves. Its two greatest gold and copper deposits are Tampakan (Indophil Resources (IRN) ) and King-King (St. Augustine Gold & Copper  Ltd. (SAU) ). The production growth in the Philippines is enormous. The country is now 2nd in global mining production just after Russia.

To see why these 2 companies are a good bet go to: M&A Activity in the Philippines.


Geen opmerkingen:

Een reactie plaatsen