Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Global Hunter Update

Today we drove out to see Global Hunter's (BOB.V) El Monto property on the east end of their expansive property. The project has yet to be drilled.

We were surprised to see a very active illegal mining operation. So far they have dug 30m into the ore body. They use the small truck to transport ore out of the mine where it is stockpiled for loading onto larger trucks.Pa170020

Nobody can say the people north of La Serena, Chile are anti-mining. They love it!

In terms of safety, living conditions and wages, there are probably significant benefits to having a long term operator in place as opposed to "guerrilla mining" operations. It is pretty obvious to me that they have something of great interest if it is providing a living for low-tech miners.