Quickdraw, I missed nothing here.
<<<<You appear to be saying that Luicho must be brought to feasibility stage before any senior would contemplate making an offer which in your estimation will take 2-3 years>>>>>, To take out PFG, most seniors will wait to see what the economics are. A scoping study could be sufficent, but remember the 25 million dollar payment is coming. You guys have implied that there will be a bidding after the first round of drilling.
"Luicho was highly sought after by a number of majors who were at the table when PFG scored its win. While it does not share the same location as ARP (near to existing mines), it is within kilometers to properties owned by Southwestern gold, Newmont and a number of other Peruvian companies", This is a stupid comment. The properties around the area are claims with NO PRODUCTION. Other companies wanted Luicho because it is an excellent property, but these companies weren't willing to sign a deal such as PFG did. The NSR is huge. Of course Barb says it isn't and of you believe everything management says.
"Metallurgy, from bottle roll testing, so far appears to show Luicho will be heap leachible pacrim-mining.com >(94%, 89% and 87% for the minus 5 mesh material; 90%, 84% and 93% for the minus 1/2" material; 91%, 73% and 68% for the minus 1" material; and 89%, 71% and 68% for the minus 2" material.) Veladaro's metallurgy meanwhile showed on average a 75% recovery rate for gold, 50% for silver when ARP was bought out", Quickdraw, what about the other 2 bottle rolls tests. Average 40% on the high grade.
About missing the boat, not at all. I have made some big returns elsewhere. I stay away from promotion. I don't need to hear the company's hype for me to buy.
Want I meant by experience is that I have been involved in projects that were bought to a feasibility stage. I know what it takes to a study. You don't.
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