I asked about the new mill during the PDAC and was told they are working to refurbish the equipment and had not made any decision yet on where it would be located. I am guessing it will go near El Chivo since that is the newest mine and it is the longest distance from the from current mill. There are several other targets near El Chivo that could also be developed and therefore it would make sense to have a small mill operating there, so that the ore trucks do not have to drive through the town of Zacualpan to get to the mill.

The stock has been sharply higher over the last 2 days, even though the sector has been headed lower. I notice that RBC was buying everything in sight today near the close, and IPT had above average volume today:

I do not know if they were buying like that all day, but at least its clear a decent position is being accumulated.

cheers!

mike