516,216 ounces of gold (indicated and inferred) At current gold prices thats about $840 million of gold. Any takers out there?
They couldnt sell it without a JORC,so here it is. Now we may find out what their intentions are.
The name Montezuma is synonomous with gold. Hard to imagine they would want to sell it, but it would enable them to develop the Manganese which is their primary focus at the moment.
With only 40.6 million issued shares, and gold prices where they are, it would seem prudent to obtain their funds for the manganese development from the sale of their gold assets. Only in my humble opinion of course.
Merv
Ann: Peak Hill Gold Resource Tops 500K Ounces , page-2
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