Zaruma Resources (ZMR)

[Bobwins]

Thanks for the summary. Looking forward to the finalization of financing and the new resource estimate. I think mine life is one of the issues holding Zaruma down.

If they are doing leaching, they have to load up the ore, acidize it and then wait for the acid to do it's work before actually producing copper? Do you know if late 2008 startup means mining the ore, loading it on the piles and applying the sulfuric acid or actually producing copper by late 08?

Do you know if Zaruma has secured their acid supplies? Some mines are reporting shortfalls in production because of a lack of acid. This is a worldwide problem.

Bobwins

PS 90%???? Omigod! I have 20% in one stock but they are a producing energy company with profits and upside. ZMR is about 4% for me. My biggest copper position. Good luck!