We're always on the lookout to add to our mining holdings but only on weakness. The UK Silver Mining & Exploration company Minco (AIM: MIO) looks at exciting play -
Minco's main project is the Laguna silver tailings venture in Mexico
It’s broker Collins Stewart values Laguna at around £18million versus a total company cap of around £20million
Other assets include a stake in the Pallas Green Zinc project in Ireland as other small projects in Mexico
Mexico has nowhere near the political risk of some of the other South American countries such as Bolivia or Columbia
Company is expected to seek further financing in the future
Summary
Always good to spread money around into some of these small mining companies. Minco looks impressive to us but we want some extra insurance hence looking to buy at around 10p, currently trading at around 12.5p
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