Our Ecuadorian concessions were previously owned and drilled by Ecometals Limited (Toronto listed) who drilled to the same depth as Aurelian did when making their monster FDN discovery next door. The geologists at Ecometals obviously believed the monster next door had faulted off on the western boundary into Ecometals' ground but management and the board didn't share this view and exited after an unsuccessful drilling campaign.
The punt here is who do you trust? Who has the best understanding of what's going on? Ecometals management or the geologists, who are now TMR's biggest stock holders? While I have no idea who's theory is correct, it is interesting to note that Aurelian engaged a hot shot independent consultant in 2006 to assess the faulting off theory on their western boundary and he concluded that indeed the deposit does extend to the west but at deeper depth into TMR's ground. Before Aurelian could act on this advice, they had a friendly takeover offer from Kinross and the theory has remained just that until today. All in my opinion and DYOR.
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