Found an old interview with Peggy that some of the newbies might like to read:

http://www.businessedge.ca/archives/article.cfm/ceo-glad-to-be-back-in-the-gold-game-13340

And here's what she has to say about San Juan. Gives you a bit of an insight into what a shark of a dealmaker she is, and what she thinks about the Peru property. (Funny enough I was saying the same thing myself back in January.)

10. Which of your properties has the greatest upside potential?

"We believe the greatest upside potential is at San Juan (mine) in Peru. Again, it was my insolvency experience that allowed us to get this deal done. The family who had the property ran out of working capital in the late nineties, had never gotten back on their feet and owed a bank in Peru a lot of money. I walked into the bank and offered $2.5 million for $14 million worth of debt. That gave me control over the concessions and then I was able to cut the deal I wanted on the concessions. If I had never been involved with Royal Oak, we would never have this property today.

"The property is a district in Peru that is extremely mineralized geologically. We're currently only producing about 12,000 ounces (of gold) a year from two out of 35 known vein structures. We think we can get the main San Juan mine up to 60,000 to 80,000 ounces a year. The upside is that we're sitting on three absolutely fabulous exploration properties, one of which has the signature to be a very large porphyry copper (property) that's a company-maker. The second one is a gold property and the third one is a mixed gold/copper vein structure property."