Telson Mining (TSXV: TSN) is the first producing precious/base metals mining stock that NIA's President Gerard Adams has purchased in over a decade!
Back on October 5, 2010, Gerard had recently returned from Mexico where he toured the operations of Great Panther Mining (TSX: GPR) and he was so impressed that he purchased 506,400 shares and suggested it to NIA members at a price of $1 per share. Over the following five months, GPR gained by 390% to hit a new all-time high on March 7, 2011 of $4.90 per share making it the #1 largest gaining silver miner during this time period. NIA's President sold his shares at $4.50 per share for a profit of US$2 million (he entered GPR in August/September 2010 at $0.80 per share and also benefited from CAD appreciation vs the USD).
In the upcoming days, Gerard will share all of the pictures that he took of the infrastructure that TSN has already built at its 100% owned Tahuehueto Project. Construction is 70% complete with gold/silver production set to begin in the 4Q of this year! Tahuehueto will be one of Mexico's higher grade gold/silver mines! Gerard decided to make TSN his #1 largest position because it is one of the lowest market cap publicly traded companies that will own 100% of two producing precious/base metals mines! TSN's Campo Morado Mine is Mexico's 6th largest producer of zinc!
TSN also has a U.S. OTC symbol SOHFF.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from TSN of USD$100,000 cash for a one-year marketing contract. NIA's President purchased 1 million shares of TSN in its most recent private placement. This message is meant for informational and educational purposes only and does not provide investment advice.
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