Pediment insists that the La Colorada mine is an exploration project but there is unleached ore sitting on a leach pad and I just don't believe they will focus on nothing but exploration when they already have a mill and a leach pad ready to go to work. Pediment is paying $3 million US in three payments to acquire about 800,000 ounces of gold, a working mill and leach pads.

I think that's exactly what they should do today, run two parallel operations. There is a clear high-grade vein system running through the property with about an ounce a ton of gold. That ore is so valuable that it would be worth putting through a CIL or CIP plant running maybe 500 TPD. The remaining ore should be heap leached.

$3 million dollars for 800,000oz Gold and a Mill & Leach Pad... Extremely Cheap buy for the company