From “Good”
To “Great”

Los Andes Copper’s (LA.V) copper deposit already ranked as one of the largest in the world.

But recent drill results dramatically improved everything about this deposit while investors were looking the other way.

Bottom line: This is now a prime target for a mining industry back in acquisition mode.

Dear John,

On September 27, Los Andes Copper (LA.V) announced blockbuster drill results from its massive copper deposit in Chile.

How good were they? How about 0.67% copper equivalent...over 506 meters. That’s a half-kilometer of copper.

Those numbers would be impressive for any deposit. But when that deposit is located in the heart of Chile’s most productive copper belt, surrounded by world-class copper mines and infrastructure, they deserve close attention.

And that wasn’t just a lucky hit — the latest results follow a string of previous holes with equally impressive assays.

Yet, so far, relatively few investors have truly understood the significance of those results...and Los Andes’ share price remains a relative bargain.

An Extraordinary
Opportunity Examined

One person who appreciates the significance of what Los Andes is finding is Lawrence Roulston — one of the leading sector analysts throughout the mining and metals bull market of the early 2000s.

While at Resource Opportunities, Roulston developed a reputation for identifying massively undervalued junior mining companies — and doing so well before anyone else.

Earlier in September, Roulston, who now heads WestBay Capital Advisors, published a research report on Los Andes and its Vizcachitas project. Here’s what that report revealed:

“Recent drilling on Los Andes’ Vizcachitas deposit is further expanding a deposit which already ranks among the largest undeveloped copper deposits in the world. Those favorable results are based on an updated geological model which has allowed the geological team to target the higher-grade portions of the deposit, thereby improving the average grade as they add tonnes.

“The recent work has also identified near-surface areas with favorable grades that make this deposit an excellent candidate for a phased development approach: A low capex initial development scenario could be developed directly by Los Andes. One of the top resource investment funds is already a large and supportive shareholder.

“With the majors and investors now looking for development projects, Los Andes’ deposit will soon sit near the top of the list. Within weeks, a revised resource estimate will quantify the improved grade and tonnage. An updated engineering study, due by year-end, will confirm Vizcachitas as one of the largest and most attractive copper development projects available anywhere.”

Those latest results are further confirmation (if any was needed) that the Los Andes deposit is, indeed, one of the most attractive deposits available in the industry.

Beyond its size and great address, Vizcachitas offers numerous advantages over other deposits in Chile, or worldwide, including:

• Large size (well over a billion tonnes);
• Favorable grade of copper with credits of molybdenum and silver;
• Easily accessible and at low elevation;
• Close to infrastructure;
• Water and power are readily available;
• Good metallurgy, with high recoveries;
• A clean, high quality concentrate;
• A straightforward development scenario with low stripping ratio;
• Supportive government.

If all it had going for it was size and grade, Vizcachitas would be a winner. But when you add in the long list of advantages, the Los Andes project is undoubtedly one of the most attractive copper development projects in the current market.

These latest drill results, and the updated resource estimate and economic assessment, come at an ideal time: After years in the cellar the copper price is once more on the move, rebounding 34% over the past year.

That price move reflects the under-investment of the industry, with supply lagging the on-going growth in demand.

In short, the industry is once more in expansion mode.

And as mining companies, and investors, look around for development-stage copper projects, Vizcachitas will sit near the top of the list.

At the current share price, Los Andes is trading at barely one-eighth of the value paid for similar projects in recent years. There is enormous upside potential in the share price as the company’s value moves toward that fundamental level.

The mining industry is beginning to pay close attention to Vizcachitas. Investors will soon start to appreciate that a project near the top of the development list merits a substantially higher valuation than currently reflected in the share price.

Click Here to read the full
WestBay Research Report on
Los Andes Copper (LA.V)