Significant gold resource - Excellent infrastructure

Camino Rojo Mexico : In-situ - 4.0 million ounces gold; 68.32 million ounces of silver.

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Message: Another Great NR and the Price goes Nowhere???

But I guess we should be happy that we are holding our own considering the state of the Market in general.

Hopefully in the next week or two we will get those DD assays from Don Julio and we will get the price where it should be.

One thing that has struck my curiosity is in the latest NR it says;

"The Company has initiated negotiations to purchase surface rights in the vicinity of the Represa-Don Julio areas."
I was looking at the map and it seems as if the Camino Rojo property surrounds the area around Don Julio except for the property to the north that Penoles owns. And to a lesser extent Los Lobos claim as well as Galore Resources.
So I wonder???
Any Ideas???
It has been a little longer than I expected for the 9 or so DD assays... I wonder if they had to be re assayed? I wonder How many of these were drilled at Don Julio???
Hopefully In the next 2-3 weeks we will unwrap Don Julio and see what we get.
Does anyone know what kind of surface gold values we receive from "Camino Rojo Dos"?
But all in all a resource estimate in the Fall is great news. I am very surprised how management was able to fast track this discovery so quickly.
This is a very exciting discovery and I'm sure some big fish have their eyes on us. That being said I wonder if there are any plans for a Shareholders bill of rights or a poison pill if you will?
I wonder what is managements intention in regards to a takeover? Certainly it's in our best interest to take some preventive medicine...
I wonder what the hold up is?
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Aug 09, 2008 09:48AM
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