Jim, I am going to figure Zopilote this way. 100 million cash flow. IMO
check my work.
I am figuring that 1 mil ozs is there, time will tell, but 150sq Kil, and two new anomalies, that's not a bad number.
gold price, low figure over a few years,
310 average,
cash cost per oz 200, high figure.
market value of product, + 310 million.
cost of production, - 200 million.
mill, etc, - 10 million
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net profit 100 million cash flow.
Now look at this, I would bet my bottom dollar, more gold is there, just look at our neighbor, they are finding and adding reserves all the time.
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somebody is going to want to J V this, IMO. no hype, just going on facts.
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The company's exploration program is continuing at its Zopilote property in
Honduras. A senior mining company and Standard have joined forces to expand
the soil-sampling grid on the property. Standard has agreed to let the senior
company review all soil-sample assays on the property in return for that company
paying for the assaying costs associated with the collecting of the soil-samples by
Standard personnel. There is no other obligation by Standard to the senior
company. Soil-sampling to date has shown that the anomalous zone is much larger
than first anticipated. The soil-sampling continues to identify drill targets which
could possibly expand the existing gold resource.
The company is preparing to review past work on the Damoti Lake property in
the Northwest Territories. The property is approximately 200 kilometres north of
Yellowknife. It is a lupin-style banded iron formation gold deposit with a
drill-indicated resource of 620,000 ounces. The property is structurally complex
with many high-grade gold intersections. An exploration program will be designed
to continue the exploration on strike. The structure appears to be continuous over
a length of 12 to 13 kilometres. |
