Stock to Watch!
Del Toro Silver Corp. DTOR.OB
Del Toro Silver Corp. (DTOR.OB) is a dynamic mining company, primarily focused on historic gold mining districts in the state of California and the western USA. The company is targeting historical high grade gold properties that offer near term production potential at relatively low development and operating costs.
The Gold Rush
The Marshall discovery of gold at Sutter’s Mill in 1848 started the California gold rush. When the news spread through the US the rush began. Americans from all over the country joined their compatriots from California and headed for the foothills of the Sierra Nevada.
Learn more about The Gold Rush
On November 14, 2011, Del Toro Silver Corp. (DTOR.OB) entered into an agreement for six of these historically producing gold mines by acquiring an option for the Discovery Day Gold Property. Past production records show that these six mines have produced at least 60,430 ozs of gold.
The Discovery Day mine was in production as recently as 2010. Mill Records from1996 show the mine produced 2,350 oz of gold, worth 4 million dollars. Learn more about the acquisition strategy
Key Points:
> The Discovery Day Gold Property isfully permitted for gold production by the authorities.
> Up to 75% of the project can be acquired by Del Toro.
> The Discovery Day mine located on the claims is a turnkey mine ready for production.
> Low production costs that are expected to run from $275 to $350 per ounce.
> The fully operational processing mill can produce up to 10,000 ounces of gold per year.Find out more compelling reasons
Laser focused
Del Toro is laser focused on historic mines in California and the western USA. Management’s corporate strategy is the acquisition and development of mines that can be reworked and quickly put into production with relatively small initial capital expenditure.
OUTLOOK
Gold is likely to continue to trade at the $1,600 to $2,000 band in the near future. Consumer demand in third world countries is increasing, to combat Inflation, market volatility and currency fluctuations, Central Banks are increasing their gold reserves.Read the full Summary, get to know the Management, learn moer about their unique strategy. Click here
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