At PDAC I met Peter Kendrick, Chief Financial Officer, of both ORO Gold & Silver
http://agoracom.com/ir/OroSilver
He was quite optimistic on both operations; he had more excitement in his voice when discussing ORO Gold. Although, they are currently drilling for silver at MIHUATLAN, MEXICO and expecting good results.
Gold,
At Trinidad, nothing new to report, no bandito problems. Army keeps a close eye.
Commented that Eldorado did not look hard enough or in the right place in the early 90’s
He eluted they will be able to dramatically expand there in situ reserves.
Separate to that, an updated resource estimate will be release in a few weeks.
Was quite upbeat about Taunus,
A little coy about Panama, something cooking there, JV maybe
Said had about 6 mil in cash, would not have to go to the market this year..
Overall got a good impression, know what they are doing, no wasted efforts.
Hg