Not exactly so Dsikorsk.
Example- Andean Resources, See below. Only 2.5 million oz reserve estimate. 3.6 Billion offer from Goldcorp !
The point here is in proving the potential (ie. District). you see where I am going with this. Correlation, geology, etc etc. There is the potential for great value in our adjacent properties without 10 years of drilling if you can prove that the correlation is there. This I believe is one of the purposes of the MIRA. Cheers
Ldubs
CERRO NEGRO
Goldcorp said Andean's principal asset is its 100 percent owned Cerro Negro Gold project in the southern province of Santa Cruz in Argentina, which would add to its gold production pipeline.
With an estimated reserve of 2.54 million ounces, Cerro Negro's owner are getting top dollar for the operation.
"With this project you can add ounces year after year after year, and therefore, add value for your shareholders," said Goldcorp Chief Executive Chuck Jeannes in an interview.
He said new drilling at Cerro Negro had indicated significant additional resources.
"Goldcorp has been built on such tip-of-the-iceberg acquisitions," Jeannes said. "We wouldn't be surprised to see the indicated resource double in fairly short order."
CERRO NEGRO
Goldcorp said Andean's principal asset is its 100 percent owned Cerro Negro Gold project in the southern province of Santa Cruz in Argentina, which would add to its gold production pipeline.
With an estimated reserve of 2.54 million ounces, Cerro Negro's owner are getting top dollar for the operation.
"With this project you can add ounces year after year after year, and therefore, add value for your shareholders," said Goldcorp Chief Executive Chuck Jeannes in an interview.
He said new drilling at Cerro Negro had indicated significant additional resources.
"Goldcorp has been built on such tip-of-the-iceberg acquisitions," Jeannes said. "We wouldn't be surprised to see the indicated resource double in fairly short order."
