Cornerstone Capital Resources (CGP.V) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Cornerstone Capital Resources (CGP.V)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: TheSlowLane	12/16/2009 5:46:27 AM
	1 Recommendation Read Replies (1) of 63

Meanwhile back at the ranch... The good news is that there hasn't been any public comment or dissent in regard to the permit applications. The less good news is that the local office in Ecuador is very busy and have delayed field inspections until after Christmas. That will set back the water usage permits for Shyri by 3-4 weeks from what had been expected. Field inspections are the last major step in the process and they anticipate 2-3 weeks between inspection and issuance. They don't believe that there will be any problems getting a drill contractor lined up though no contract has been signed yet. Exploration work on Macara is ongoing. NEM visited the area a couple of weeks ago. They are now at a point where they have to make a decision fairly soon as to whether they wish to exercise their option to acquire 51% of the project by committing up to $3MM over a 4-year period. Sounds like they are shooting for the end of January to have a decision. As for Little Deer, the company is completing the seventh hole. Some results have been received but some are still at the lab. The company will wait until all of the results are back before releasing any of them.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next