Ross Beaty

Mr. Beaty

In an interview with CEO.CA on April 26, 2013 mining legend Ross Beaty told us, “I don’t think it’s time for me to invest just yet, but its getting close.”

Yesterday Beaty announced that he had purchased 221,000 shares in Lumina Copper Corp. (TSXV:LCC) at an average cost of $4.68 in the open market on June 26th (Source), in a million dollar vote of confidence for the company.

Lumina owns the Taca Taca copper-gold-moly deposit in Argentina. “Taca Taca is the best deposit in the worst market,” Ross told us in April.

Here’s the three year LCC chart:

TSXV:LCC 3 year chart (Stockwatch)

TSXV:LCC 3 year chart (Stockwatch)

Source: Canadian Insider