What you should ask him is what are the chances of ever mining the Coyita Vein, if you actually paid attention to the big details in his presentation that’s where 50% of his current resource that he mentioned is. That vein is not only very high grade @>7gmAueq all the development has been done it’s ready to mine but under the lake. If you could mine that there’s a better than US$150mill margin over 3-4yrs. But if was able to be mined Eqe would have mined it, but if Eqe could have mined it MND would have mined it and Eqe would never have owned it. I’m not saying it will never be mined but it will be a fight. The best chance Is the water in Laguna Verde is dropping in about 12yrs it might be completely gone.
As for the Marcela vein that’s a simple $2mill pumping piping job to dewater the vein back into the tailings dam 6 months before you restart. There’s $80mill gross to be taken there.
Big picture
Dont sweat the little things.
Ann: Cerro Bayo Silver-Gold Project - Investor Presentation, page-47
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