Brien Lundin, in the November, 2014, edition of the Gold Newsletter, refreshes his buy of Inca One Gold Corp. (formerly Inca One Resources Corp.), recently 14 cents. Mr. Lundin said buy in July, 2014, at 17 cents. Assuming a $1,000 investment for the buy, the position is now worth $823. Inca has delivered two 50-tonne-per-day ball mills to its Chala One plant in Peru. Once operational, the mills will bring Chala One's processing capacity to the targeted 100 tpd. In October, Inca secured its first customer, an unnamed government-approved third party miner. Under the deal, Inca will purchase an initial 340 tonnes of ore a month. Mr. Lundin says Inca's goal is to strike similar deals with a variety of small miners and push Chala One to maximum capacity as soon as possible. This is all part of Inca's plan to profit from the Peruvian government's decision to formalize its small-scale mining sector, the editor reminds his readers. He approves of the plan because it is scalable, provides an expansion strategy that requires low capex and ensures cash flow. Being a producer in the current market should also maximize the company's leverage on gold prices when they rise, he adds. Inca remains a buy.