Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Re: A Realistic Time Frame
2
Aug 30, 2011 06:24PM
4
Aug 30, 2011 06:38PM
6
Aug 30, 2011 06:44PM
4
Aug 30, 2011 07:43PM
1
Aug 30, 2011 08:16PM
7
Aug 30, 2011 08:17PM

IMO

The time is ripe now to download the Tesoro. Lori is well cashed up and $5-$6 million should suffice in proving up the Tesoro enough for sale, if that is her intent. If she decides to take the methodical approach of proving up resource by spacing holes 50-100m apart, this could take quite awhile and the other portions of the property would have to wait to get proven up.

If she wants to sell this as quickly as she can, she merely has to drill the 26 priority holes that the Quantec prioritized. These 26 holes add up to 10,000m , that is what the current drill plan is, unless she added more to it to do the 1500m holes that Quantec didn,t specify in their images of the 2010 Tech Report.

If she does the 26 Quantec recommended holes, then we will have enough info to sell the property by the end of the 10,000m drill program. That will most likely put us til Feb on getting all the assays back, and if good enough drill results are released before the full amount are done, we will most likely get an offer before then.

The Vilcoro can be accessed year round and once Lori,s focus is off the Tesoro in Dec, she can start thinking about a start up drilling for vilcoro in Jan. Vilcoro is drill ready and also with that property, it may not take much drilling. Its possible the Vilcoro could be ready for sale by next June.

As far as the Cueva Blanca goes, a new option agreement could be drawn up with IGD, to take 100% of Cueva Blanca shortly or next year. This would separate it from the Tesoro and Vilcoro, incase an offer came for the 2 properties at or near the same time.

Lori said she is focusing the initial drills above the anomaly, so she is most likely going for what she beleives will be the best chance to get the highest grades as quick as she can, in case a low ball offer surfaces on the first drill assays.

IMO

Share
New Message
Please login to post a reply