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Message: Exeter Adds Senior Management

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Panamax

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Re: Exeter Adds Senior Management

posted on Feb 04, 10 02:14PM

uduu -

An earlier post on this Board was linked to a MineWeb. Here is an excerpt. -

"There has even been speculation that the company could spin off and commercialize its small but very high grade Cerro Morro gold/silver deposit in pro-mining Argentina. To date, the deposit has an inferred resource of 646,000 ounces of gold that includes the rich Escondida vein, which contains 518,000 gold equivalent ounces at a grade of 34 g/t gold."

Doug Casey recently wrote that inferred ounces could be valued at $20/oz. That would give us a value of $12,920,000. for Cerro Morro. As the ounces become Measured and Indicated, the value per ounce (and the value of the mine) increases dramatically.

Is this what you were looking for?

- Panamax

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