dr megaw gave an interview with david morgan at the silver summit. highlights include:

business relationship with fresnillo was strained but is healing

scoping study at juanicipio demonstrates very strong economics. using the 3-year trailing prices, the npv is $1.1 billion with irr of 48%. that is the worst case scenario, as a stand alone project, not assuming it is next door to a world class mine and infrastructure. as megaw said, with a project that robust, you can mess up and still make a lot of money

the net cost/oz is $1.70 and that assumes $12.60 silver. using current prices for silver and base metals, the cost could be $1/oz or even lower.

production is estimated at 14 million oz/yr

there is also exploration potential for the project to grow much larger

their moly project is extremely high grade, but that may be just an overlay over gold as that is typical or carbonate replacement systems.

the cash balance is currently $35 million, with a burn rate under $1 million/month. in the days of the takeunder bid, their burn rate was based on how many drills and lawyers were turning. now that they are done with the lawyers, they have 3 drills turning.