They do need to watch their finances , guessing they still have $3M in option fees if they wanted to own Cuitaboca before the cut off date or then do they lose their right to own it , do they think Chile will be saviour to bring in early cash to pay off Cuitaboca or are they walking away from Cuitaboca too concentrate of Chile ?
The security issue with the Sinaloa Cartel next door in Mexico would be enough for me to give it a miss .
SO who is Terry Kahler who owns around 12% of the float according to the last Annual report ?
Lots of questions , they see to know how to get good ground , but seem to not look hard enough at the externalities ie security, roading , financing ,
The Becker Chile project does look good though from infrastructure perspective -maybe they have learnt their lessons from the past .
One of the things I liked about Mexico is their trenching there , who are they not going to do that in Chile to get an idea of the dip of the lodes given there seems to be surface expression and the dip would make working out the best asimeth and angle to drill at to be at near right angles ?
There is something about the Managing directors attitude that I like even if he is a lawyer by profession and not a mining engineer , he just seems sensible .
SMI Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
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