Yamana Gold Inc (AUY)

[golden08]

Everything these guys have done in their short history has done them great justice.
They have built Yamana from a few small mines into a very strong company with a great future.
They have everything going for them and basically the price of gold,silver and copper against them.
They have the propertys to develop.
They have a new mine coming online end 08,early 09.
And i believe another short thereafter.
They have and are expanding their existing mines to higher output levels.
They pay a small dividend. Not much but something,and they just increased it.
Buddy if there is a mack truck about to run me down.
I swear i dont see it coming.
BTW. This is why i believe we are golden. Read below from web site. Agua Rica Quick facts

100% owned by Yamana Gold
Located in northwest Argentina, only 34 km from Alumbrera
Drill defined metal inventory of 21.8 billion pounds of copper, 13.3 million ounces of gold and 1.7 billion pounds of molybdenum
Estimated mine life of 23 years
Agua Rica's estimated rock value makes it one of the world's most significant undeveloped copper/gold/moly deposits known today
More than 176 holes drilled in excess of 65,000 metres
Completed positive feasibility study update in October 2006
Submitted Agua Rica Project Environmental and Social Impact Assessment to the Province of Catamarca, Argentina in July 2007

The Agua Rica deposit is located about 34 km from the Alumbrera mine in northwest Argentina, where the climate is generally mild and dry. There is road access to the Agua Rica site from the town of Andalgala (pop. 11,000) about 25 km away. The project has been advanced to the point where the Company now believes it could bring Agua Rica into production within four years for significantly less than any comparable development. The project's large metal inventory sits on the surface and is close to required infrastructure at Alumbrera that has the potential to dramatically reduce development costs.

I dont know if they can develop this major mine alone,but if their is a managment out there who can do it. This is the one.
Oh and i loved how they sold that crappy mine to Glen cairn before its faults showed through.
Anyways GLTY