The 2014 resource estimate for pinguino prior to this new addition was 20M oz silver indicated, 4M inferred above 270m with about 10% more below 270m.
112koz gold indicated and 38k inferred.
the above at a 40g/ton silver equivalent cutoff. Makes for about $700M value at current prices. What’s the profit in that if they build a mine? $200M or so?
the net present value of that will go up with the acquisition as the other property is added to the resource estimate.
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