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Message: Re: Events

May 08, 2008 09:11AM
1
May 08, 2008 09:26AM

May 08, 2008 09:38AM

aside from the sale of silver bullion and shafter, i think there will be one more asset sale later this year. the company has optioned the gold-silver san agustin property to geologix. this is a small project in durango, fairly low-grade, and most of the value comes from gold, so it isn't appropriate for sso to develop it.

the company staked it for next to nothing when metals prices were much lower, and based on the inferred resource now, it would sell for about $10 million. but geologix is undertaking a drill program, and depending on what they find, it could sell for a lot more. they are going at their own pace, so i don't know if or when the sale will take place, but geologix is supposed to have an updated resource estimate by the end of the year.

1
May 09, 2008 12:58PM
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