| I believe that we will see a JV wrapped on La Calavera soon, perhaps in conjunction with some of the results of the work that have been done getting it to the drill-ready stage. I think there is another JV in the pipeline behind that (I am writing from memory, which is dangerous). They had about 10 more holes to do on Cerro di Oro as of PDAC. I expect we will see results on that before too much longer. RR is looking to prove up 1MM ounces at La Gitana. I think LG has proven to be more difficult than perhaps was initially anticipated, in terms of complexity of the structure and the lay of the land. However, they have not walked away from it, the goal is to prove up 1MM ounces for now. Meanwhile, they have found numerous other targets in the area between La Gitana and La Calavera that look highly prospective. Yes, it will take time to quantify that, so probably no near-term catalysts on those. However, it seems to me that based on what they are seeing, the long-term objective of defining a district is not unreasonable. As for when gold is going to hit and sustain $750, I don't think anyone knows for sure. I do recommend that you listen to the Coxe conference call for this week though. The focus is on the US Dollar. The thing with currencies is that crises can develop faster and go further than anyone expects. If that happens with the USD, and that seems probable, given the extremes of the situation, then all bets are off. However, that is clearly out of the realm of things which are under CKG's control. Anyway...you could well be right, we could be sitting on dead money for some period of time. So, whether you stick around or look for opportunities elsewhere and then see how things develop, is a decision only you can make. We'll save you a seat if you wander and let us know if you find anything good(er)! |
