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Re: Mamona post# 7042

Tuesday, 01/04/2011 8:47:35 AM

Tuesday, January 04, 2011 8:47:35 AM

Post# of 7631
Sorry to hear your experience with Walmart.

Trying to do business with Walmart is like standing in front of the House of the Rising Sun brothel with a hundred dollar bill in your hand and wondering whether or not you should go in.

Still, with 4-5k units sold each month, I'm surprised you didn't still have a thriving business and I'm not sure I see how "the show was over" because of one order you couldn't fill. Whatever.

I recently spoke to the Pres. of Garibaldi. GGI sold the Temoris property to Paramount. I asked if he had any regrets for selling the property. He replied, "Not at all! Paramount didn't hit mineralization until they were 400 meters down. We couldn't drill it ourselves and we couldn't fund a drill program to that depth."

Presuming the strike is also down 400 meters on La Currita, Tara could not have developed it either. I'm not familiar with the Presentation supplied by AMRS. But that doesn't mean its not now a very valuable property. Sometimes serendipity works in your favor. Some of the mine equipment was moved to Don Ramon.

That "rich looking big rock" had been producing for several years prior to our acquisition as I recall. Rich took the approach NOT to invest in a 43-101 on any of our properties, relying instead on the expertise of seasoned geologists. The 43-101 system has turned out to be a very expensive post-BreX overkill for Canadian based companies.

Using the same US philosphy of no 43-101, GORO had done quite well .. up 161% in 2010 and a $1B+ market cap. They're ringing the bell Jan. 13 on their entry to the AMEX.

Granted, Rich entered the mining field and moved from investor to mining entrepreneur from a solid background in mergers and acquisitions. He's been through a learning curve and its a credit Tara has survived at all, let alone thrived. If you invested early and on the dips, you've done quite well. Not many guarantees in the Jr. Resource Mining field.

In 2011 I expect the scenarios I previously posted to begin to unfold. IMO ... its worth the wait.

Good Luck!

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