Antioquia Gold and Colombia

While in Phoenix recently for the Cambridge House Resource Symposium, I presented the case for Colombia as one of the world’s newest “hotspots” for mineral exploration – specifically gold. While the country also boasts world class oil and coal assets, it is the hard rock mineral potential of the country that is exciting. In an interview with bloomberg.com Natalia Agudelo, a Medellin-based analyst at Celfin Capital SA, said:

“Investors see there is greater safety, The government also has made the rules of the game very clear.” The recent take-over of Ventana Gold Corp. by Brazilian billionaire and resource investor Eike Bautista for $434/oz Au (or 8.3 times Ventana’s assets) lends substantial credence to Ms. Agudelo’s statement and our belief as well.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]