Braun.
It would take 100 > 1000s of drills sites to drill that mountain out what we are doing is explorational to show the world something is there once that is done to actually get a JORC it would take massive amount of drilling way beyond INCA by that time its sold to a Major.
And remember just what S32 paid for Hermosa was $6 more per share Canadian for the remaining shares for 100% control of Hermosa.
S32 had some interests in Hermosa deposit prior to take over and still paid top dollar for the site.
Now INCA owns 100% of Riqueza so once its established as a known deposit of Poly metallic mineral value and drills have done some discovery over and above all the exploration and they hit results well its Antamina / Codelco again.
We could be staggered by what is to unfold in $ value of a mountain full of Poly Metallic Minerals in a BOOM time.
It will be the dawning of the universe for share holders like the payout holders got from S32 for Hermosa at $6 more Canadian a share there was about 600 million shares in the company if I am correct at the time and S32 had some ownership.
Well nobody has any ownership of Riqueza now but INCA since S32 bowed out and I bet some accountants at S32 are going to get Remmed for the mistake.
(The offer is worth approximately A$1.75 billion and entails a 50% premium on the target's last closing price. Toronto-listed Arizona Mining owns the zinc-lead-silver Hermosa project, which includes two polymetallic deposits and land with potential for discovering additional reserves.)
So thats where its at in my eyes.
Cheers Alpacas![]()
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