EC or Claude or hank would be the ones to ask about this, but i think drilling generally will run usd100/m and up, just about anywhere ... a few clics down the road from Taxco, and on easy terrain, might well be the cheapest place in the world to drill, but there are still operating costs of machinery, associated costs like assaying and core transport ... especially with the 15,000 metres of trenching added in, i'd be surprised to see total costs come in under usd5m
But it's well worth it, smart thing to do, and they won't have too much trouble finding another couple of millions - betcha friends and family step up and exercise some of the ninety-cent warrants, there should be more than enough left of them to do the trick ... and, if/when that happens [could have happened already to an extent], you won't see all that much being sold ... depends on assays in the meantime, to a degree, of course, but with the historical grades on a small portion of Temas i don't see how they can miss hitting big on a goodly part of the rest? ... ggc is my largest position [by current value, edged out slightly by mmgg on a cost basis], got various amounts of other mexilvers*, but Genco's got the best risk/reward at this point, imho
* - 'mexilvers' - to shorten up the typing of 'mexican silver plays' |
