The analyst is full of it. He said,<<<<<<if they discover 7 million ounces, this property would be worth about US700mil>>> Hey look at the price of gold. At $300US, plus cap ex, plus NSR, plus buyout of the owner, plus production costs, NO ONE WILL BUY IT AT THIS AT 700US. He is talking at more than $100US per ounce.
<<<<Enigma said, majors are willing to pay up for huge tonnage deposits at low cost of production>>>>, Every major look at this project, why didn't they do the deal?
<<<<it will have cost them a few hundred thousands and cost of drilling>>>>, Wrong again, $600,000US payment, 200 down, 400 next year. 12,000 meters of drilling = 1.2 million, road building 4 moths in the Andes, 400,000US. Hey they are broke.
You are very mislead.
You are the one who needs the luck.
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