It is my belief that Quartermain's resignation has more to do with the downward drift of SSRI than anything else.
With SSRI starting production soon and the recent decline in price of Silver and Zinc. They may need to adjust fire a bit.
CPQ has enough cash to bring us to a NI 43-101 Compliant Resource and the Initial Metallurgical testing will show us how much of that gold we will be able to recover.
The market will then give us a proper valuation.
Then the Majors will have their chance to replenish their dwindling reserves.
IMHO this is our most attractive option in this market.
We will see what the markets response is to the Resource Estimate and go from there.
We are just skimming the surface here and there is much more drilling to be done before we know how deep this river runs.
Sometimes one bird in hand is worth more than two in the bush.
And when you can pick up the Majors for a quarter on the dollar...
That is something for us to think about!!!
Buckle your seat belts 2 more weeks until go time!!!
