Thanks, Elizabeth.
> For the nine month periods Nov 99 and Nov 20 89% and 82%
> respectively of its expenses were for management fees,
> admin, accounting, legal and shareholder communication.
> This is a high level especially when they spent almost
> zero on geology.
I agree on the past. They seem to be spending a lot more in recent times on the property, i.e., MMI and geochem. analysis.
> I guess the promotion is about to get underway?
That would be my take, too.
> Most of the showings in this area have been found because
> they outcrop.
I don't think WTC San Nicolas outcropped, did it? Not sure about Charcas.
> It is a prospective region. I wonder why they can't do
> some trenching if the anomalies are on the flank
> (exposed?) of the intrusion?
I'm not sure that they have good outcrop to work with. The only cut into bedrock was from a water drill hole. This assayed > 1 oz/tonne silver, but I'm not convinced the drill hole was in the ideal location, relative to the soil anomalies.
> It would be better to have some metal values in rock.
> Can't count it out due to the region. Can't buy it until
> there's a drill hole.
Good points. It's a speculation at this point. I like the size of the anomalies, and the apparent high-grade zinc values along a N-S trend. It looks like a good speculation, if they handle it correctly (i.e., JV one of the 2 prospects).
Thanks for your perspective.
Geoff |
