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Message: Throwing My Hat In The Ring - Oremex Resources

Good morning, gang. In addition to great ideas from Justice, I am going to throw my hat in the ring with Oremex Resources.

I am long from .10 and intend on remaining long unless something unexpected occurs. Sprott has also taken a position via PP in the .10 range, so you are in good company.

You can view their HUB profile, which was last updated end of September. Here is an excerpt:

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Oremex’s flagship property for further development is the Tejamen Silver Property. Tejamen has an Inferred mineral resource of 50.8 million ounces of silver in a total of 22.6 million tonnes, grading a silver-equivalent of 69.8 grams per tonne (1).

According to an independent Preliminary Assessment Study (2), Tejamen, a potential open pit heap leach project, has an estimated net present value of US$97.4 million at US$12 per ounce silver and US$155.5 million at US$15 per ounce silver (at a 7% discount).

The Tejamen property consists of 22 mineral exploration concessions covering 1,672 hectares. The mineral resource, which encompasses the Cerro Prieto and Los Mantos mineralization zones, is open at depth and along trend. The property is located near the municipality of Nuevo Ideal in the State of Durango, where Oremex’s head offices for its Mexican operations are located. The property has access to power and water and is easily accessible year-round.

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