well, must say that i'm not that impressed really. Early days, but we stepped away from holes 1 & 2 , were interesting enough for sniffing about in porphyry , but look at what we have in hole 3 ? very little lengths of p.
With Porphyry you want to keep hitting 100m-200m-300m + at .5g/t or 1g/t thats how you build a P deposit imo.
A few veins is not good enough to add to a P resource IMO.
They are 300 meters from where holes 1 and 2 were scissor holes.
They need to head back to Minaflores, and drill that out. Chuscal not happy Jan.
Next CR will add funds to drill out M or T, thats where the money needs to be spent. Changing sentiment to HOLD, because Chuscal is not indicating early success. The troubling thing, is they could spend all the coin here, and have nothing to show for it, in terms of adding a viable mine plan to Minaflores.
As with acquisition , it all needs to be centric around getting additional resources for M. If you cant do that, then its going to be a dillution path, CR, to try for a large P system.
MNC Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
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