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Victory Resources Corp.
TSX-V: VR
OTCQB: VRCFF |
As the Chinese Economy Looks for a Soft Landing, It is Time to Look at Miners in Mexico
By: AllPennyStocks.com
Metals of all types have been taking a hit as the broad markets are tossed-about over global growth concerns primarily stemming from the euro zone and, more recently, China. China, as the second largest economy in the world, plays a key role in influencing speculation about future demand for both precious and industrial metals as one of the largest consumers of many metals and the largest consumer of copper. China buys more than a third or the world's copper output each year. Copper is particularly susceptible to pressures from China because the red metal has a vast amount of industrial uses and is also critical in the country's initiative to develop its power infrastructure. China also ranks as the second largest consumer of silver in the world (behind the United States) as gold's cousin has countless applications not only in jewelry, but also in most electronics as well as other industries, such as solar panels.
For those investors looking for a junior heading towards production, Victory Resources Corp. (TSX-Venture:VR) (OTCQB:VRCFF) offers a value proposition at only 30 cents per share based solely on its Reforma Property in northern Mexico. Reforma may be the company's flagship project, but it also has the Au/Wen Property, which hosts quartz vein gold deposits, in British Columbia, Canada. Initially focused on its Mexican holdings, Victory's subsidiary, VicRes Mining Mexico SA De CV, has a purchase agreement to earn 70% interest of the Reforma property comprising of 6,987 hectare of mineral concessions, covering the regional mineralized trend, bordering the Tyler/Bahuerachi Copper deposit and Santo Tomas Copper deposit.
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