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Bobwins

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Bobwins

Re: None

Thursday, 01/04/2007 12:01:58 AM

Thursday, January 04, 2007 12:01:58 AM

Post# of 585
My pick for the ONE stock of 2007 is .......TRGD.pk.

What a surprise! Does it still have legs after going from .06 to 1.32 in 2006?? YES!!! Why?

Tara has a unique business model for a junior explorer. The company has minimal staff. They bought a Mexican mining company in 2005. The Mexican manager lead them to many prospects, including several closed mines with facilities and historic production and reserves. By cherry picking the best properties and matching them to junior explorers looking for near term production, Tara has formed 6 jt ventures with 5 public companies. The jt ventures give Tara 20 to 45% minority ownership, stock in the partner, cash up front and the partner pays for all the exploration expenses.

So with minimal cash and risk, Tara has built a significant portfolio of near term mining properties. Of the 6 properties, 3 are due for 2007 production. In addition to near term production, several of the properties have significant exploration opportunities. San Miguel was the first property and partner Paramount has been drilling non stop in various sections of the property. They are due to release a NI-43-101 that should define a large silver resource. Las Minitas has historic resources of several hundred million oz of silver.

Tara has a good website that describes each property and recent activity. http://www.taragoldresources.com/

In addition these 6 jt venture projects, Tara has rights to two base metal projects. The ore from these properties is high grade lead/silver/zinc. Surface samples have been assayed at $980/tonne of ore. The processing costs are $100-120/tonnes.

These are very high profit margins and the company is considering starting mining in 2007. This will generate immediate cashflow and greatly increase the company's options to tie up more properties and increase their share of each operation.

This is a pink sheet company. They are working on getting their financials up to date at the SEC but the Mexican subsidiary has proved troublesome. They are on their third CPA but are close to getting the financials audited. 2005 records should be done in 1/07. The CPA should be able to finish 2006 fairly quickly because they had to review the subsequent jt ventures that happened in 2006 already.

So look for 1. Updated audited financials 2. Gold being produced at 2 of the properties in Q1 3. Beginning the base metal project in Q1 4. News of progress at any and all of the 6 jt ventures. 5. Any new projects that Tara acquires.
6. The company has stated they are looking to apply for AMEX once the financials are done.

These news events should keep Tara moving up. I am looking for $3 by 12/07. Bobwins

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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