Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

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Ignoring anything to do with today I think we are at the point where we know we will have a mine.  If nothing else my ball park estimates tell me we have enough oxides.   A couple more months of RC drilling and we could drill off the oxides and publish a N43-101 report showing a minable indicated reserve.  I think people expect this and as long as we stay in the pit sampled area people are going to expect that every RC hole will hit.   Price will continue to increase incrementally.

 

Now the market is looking for the DD results.  If we poke into the sulphides people are going to have to completely reframe how big this could be.   Not only do sulphide indicate more tonnage, they indicate a deep plumbing system and the potential for other conduits and zones so people get excited about what they perceive as opportunity and will jump all over the results.

 

Me, I'll take results from either RC or DD as long as we see lots more tonnes and ounces.    Once we got past 1 million ounces we became a takeover target.   At 2-4  million we become very attractive to the majors.   Anything above 4 million in a mining friendly country with good infastructure is rare and will be snapped up in a bidding war.  

 

So wether it is RC results or DD results the eventual result on the SP will be the same. 

 

... Been Ther

 

 

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