Considerations for a solid share price support:-
* New professional management team
* Corporate slimline with dual listings
* Recent presentations have generated intense
enquiries from fund mgrs from Canada, Aust and Asia.
* Current big daily purchases look like coming from the
fund managers.
* Reminder to the investment community--Flagship project of
Couer De Alene, largest silver producer in the world, is
Palmarejo site in Mexico, originally developed by
Bolnisi whose chairman was Norm Seckold. He is now
involved with CJO. I understand the re-marketing of CJO
has raised this awareness once more.
He is a low profile successful miner. I think he must
have reckoned Namiquipa has the possibility of becoming
another "Palmarejo." Otherwise, I do not think he will
waste his time and effort.
* Goldcorp has not formally rejected Cerro De Gallo gold
project. They are waiting for the feasibilty report too.
* The scoping studies for CDG used the prices of $15/oz
and $900/oz for silver and gold respectively. With the
current improved prices, the payback period for the
capital outlay is within a year.
* Copper price has gone up so much,would it be a surprise
if it becomes feasible to develop the whole mine? After
all, it has 1.4B lb of copper. The GFC has killed of
the initial plan to raise about $300m to develop the
whole mine. It may not be such a problem now.
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