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Mining Top 25 for 2010 - 11 - Baja Mining Corp.

|Includes:Baja Mining Corp. (BAJFF)



This article was released in January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

Price  C$ 0.720

Ticker 
BAJ.V
O/S  143,394,000
Avg. Volume  196,600
Market Cap  C$ 103.02M
Sector  Mining (Cu, Co, Zn)
Countries Active  Mexico
Cash  C$ 28M


52 Week Low:  C$ 0.170 (12/30/2008)
52 Week High:  C$ 0.970 (10/7/2009)


Company Statement

Baja Mining Corp. is a Canada-based company engaged in the exploration and development of its mineral properties in Mexico. The Company’s primary focus is the development of the El Boleo copper-cobalt-zinc-manganese deposit (the Boleo Project) located near Santa Rosalia, Baja California Sur, Mexico.



Positive / Negative

Positive: World-class Project, extremely-low cash cost for copper, even negative cash cost if we assume Manganese as by-product., Backed up by large Korean companies who also take care of financing
Negative: We are impatient for the financing deal, high CAPEX

Main catalysts for 2010


- Financing for their 70%owned Boleo-project
- Final results regarding production of Manganese as by-product
- Start of construction of the mine.


This article was released in January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

Disclaimer
Please read our full disclaimer on the website here.

Disclosure:
We hold a Long position in Baja Mining Corp., this means we are biased, so please always do your own research.

Stocks: BAJFF