Wednesday, December 29, 2010

Minera Andes - Ready to Breakout

Mineras is a very successful gold and silver miner, with a huge copper find.  This company is also 33% owned by a legend in the mining business.  That kind of ownership aligns well with outside investors.  Read his profile below.

Rob McEwen is the company's CEO and largest shareholder (33% ownership), he is also the founder and former Chairman and CEO of Goldcorp Inc. (NYSE:GG TSX:G). While Rob managed Goldcorp the stock had a compound annual growth rate of 31.26% and the company grew from a market capitalization of $50 million to over $10 billion. Rob believes that management should be as personally invested in a company as its shareholders, and as such owns a large percentage of any company he manages.

MNEAF is ready to break out, I'll wait for confirmation and buy on the breakout.

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