that 3 million oz estimate for snowfield has been out for a while. i was hoping they would give us new information today, but the quarterly report only said that drilling was finished for the year, which i could have figured out from the climate up there, and that the new resource estimate isnt due until the first quarter of next year. maybe they will give us more information on snowfield on thursday.
otherwise, the updates on pirquitas, san luis and pitarrilla were all good, and the estimated loss on the asset backed commercial paper is only $4 million, and i will be very relieved if thats all it costs. thats just a drop in the bucket for ssri and the company has more than enough cash to finish building the mine at pirquitas.