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Message: update

update

posted on Feb 25, 2008 01:45PM

I spoke briefly with the prez today. They now have over 800 old workings and historic mines documented just at Zacualpan, and the company continues to outline additional old workings at the new Mamatla acquisition too.

The new mill is being refurbished to replace wiring and corroded plumbing but will be ready to go when they need it.

Development is going well at the new Chivo Mine, and that may be where they put the new mill, but they have not made a decision on that yet.

I hope to chat with the company more during the PDAC. IPT is a paid advertiser on my website, and I have not traded any shares for many months. The stock remains one of my largest holdings.

cheers!

mike

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