OK Scorpio is an old ASARCO mine. Years ago Asarco owned about a dozen mines, they were than taken over by a Mexican company. At that time the Mexican goverment changed the laws. To operate a mine in Mexico you had to have a partner that was Mexican and he had to have 51 % of the stock. Ha Ha HA AS the price of metals were falling the 51 % people did not want to put money into a decling asset. They are very short term orientated. So many of the smaller mines were closed.Most mineing in Mexico went into disrepair or ended all together. They than changed the laws so you didn't need a 51 % Mexican partner. Things started to pick up again. Along came the China boom and the debasing of currencies all around the world. The precious metal boom was on its way and things took off. The reasons this stock is so low are many.First of all we have three basic types of plays. The moose pasture the proven up but not into production, and thoes in production. The money flows into then this way. The moose get all the gambling money. The producers get all the big money. The Scorpios get whats left over or the long term money thats in for the long time. All the mineing stocks would be much higher by now except for one big thing. ( because of this big thing you have a chance to get into many good plays that would be priced much much higher then they are right now ) The last time around we did not have the ETFS. They have taken billions out of the market for mineing stocks. Yes they have there place. But more money will still be made picking the right stocks. Four months ago, I told all who would listen to buy GG. It was at 24 or 25 and I said it would go to 38. That was 50 %. If you bought the gold ETFS, you made a nice profit. But no where near 50%. I'm tired now more later. THE OLD GUY
