Re: The PP is Closed.
in response to
by
posted on
Jan 25, 2008 05:04PM
Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.
Davis said we are fully funded and we should have all the data we need to have delineated the oxides and have an NI43-101 compliant resource by the middle of the year. But he said it may take some time before it is finalized.
Still by the end of the year it should be all said and done... I would think.
I'm of the belief that Management is very confident that this will become a mine... Just look at the website.
I think it is next to impossible that we won't find significant Sulphide minerealization as we are seeing it this early into drilling with the RC drills. We are targeting 600-800 meters with the big rigs so we will know exactly where we stand soon enough... for some at least. God willing we will continue to punch out stunning results and be well on our way to $15-20.
The Diamond Rigs are on site so I think they will start to drill in a couple days. So hopefully we will have some news by March.
The events of this week have me feeling depressed to say the least but we will be in the money($10+) in about a month. So we might as well push all this unpleasantness to the side and look forward to brighter days in the weeks ahead.