san agustin is the project in durango that geologix spent two years drilling, and then couldn't raise the $34 million to buy it. so now the company has another 2.6 million ounces of gold, 85 million ounces of silver, and substantial amounts of lead and zinc.

all together the company has resources and reserves of 23 million ounces of gold and 1.8 billion ounces of silver, making the $1 billion market cap a joke. you could think of it as a gold company with its gold priced at $45/oz, and then you get 1.8 billion ounces of silver for free. or the silver is priced at about 50 cents/oz with another 23 million ounces of gold thrown in. either way it doesn't make any sense.