And Yamana's Esquel (now called Suyai) Also a Beauty - They Will Benefit from a Positive Mining Swing in Chubut - Scotia Mining loves low sulphidation, epithermal precious metals deposits (like Goldcorp's Cerro Negro and AngloGold's Cerro Van Guardia both in Argentina) - Most Analysts give very little value to Yamana's Suyai due to the current laws in Chabut making it near impossible to develop. Yamana (YRI-CN/AUY-US, 2-SP, US$19.50/sh target, Tanya Jakusconek) is looking to develop Suyai as an underground deposit instead of open-pit plus Mill the ore off-site in an area that would be more acceptable to locals (perhaps as far as 40kms away). The high grade nature of the orebody gives Yamana this flexibility. Suyai, which has huge exploration potential, currently has 2.3Mozs grading 15 gpt in the Indicated category.
But today July 3rd, with the news that Chubut's law proposals (still at proposal stage five months later, you'll note) are all nasty and horrid and smelly and that, here are their thoughts on the same asset held by the same company:
Minimal Impact for YamanaAnd while Yamana’s (AUY-US / YRI-CN, 2-SP, US$19/sh target, Tanya Jakusconek) Suyai project is also located in Chubut , it comprises only ~1% of her Yamana NAV and is being evaluated as an underground mine with offsite processing, tailings, and waste facilities.