Herencia Resources (#HER) – $0.12m of convertible funding to keep the lights on
- 2018-12-04 00:51:30
John Meyer of SP Angel this morning comments on Asiamet Resources (ARS), Herencia Resources (HER) & International Ferro Metals (IFL) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Out-of-favour Herencia Resources (HER) has signed a non-binding memorandum of understanding (MOU) with local Chilean mining group Erazzuriz to combine two copper projects in the north of the South American country. The proposals envisage creating a new company to process ore from Erazzuriz’s two underground mines at Tambillos in the same area and from Herencia’s proposed open-pit operation at nearby Picachos, which holds an estimated 10.7 million tonnes with 0.61% copper and silver at a modest 5.6 grammes per tonne, measured and indicated.



