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Message: Re: Question for the gold miners on the board.
3
Apr 01, 2011 06:47PM

I guess that would all depend on what they want to do.

Dynacor may do a geophysics on the Acari property, but I would think not, at least for awhile. They are leaving the informales mine most of the veins there for them, as I understood from somewhere. 16 g/t is real high grade and I really couldn,t see them looking deeper until a good junk of the high grade stuff was mined, which could take years. If they plan to prove up and sell, then maybe yeah. But it seems they have a very profitable business going there and maybe that structure would suffice for the near term.

As for San Juan, I dont beleive they will do it soon either. The complex is made up of locals and the mines there are their livelyhood. I wouldn,t think they would want to spend the money to prove it up and to sell their home. There are a couple of towns right on top of the mines there that depend on these. But I did read where major miners already or were willing to move towns so they could mine the deposits where the towns sat. So, I guess you never know.

Just my opinion.

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