2. Jurisdictional risk discount for Argentina. Not merited IMHO but recent events in Chile & Peru with governments changing the fiscal settings wrt mining is unnnerving.
3. Hualilan is a complex beast and most retail investors can't grasp the extent of it - high grade skarn, low grade intrusion hosted gold. Kris Knauer thinks it could be as big as 4moz+. The market has no clue about Ecuador. KK thinks it could be as big as Cangrejos (17moz Au at 0.6g/t.) which is next door.
4. The market is expecting a $30-40m CR - next qtr?
Hualilan is going to be huge >4moz IMHO! This 26sq. km addition to the tenements will really show how big Hualilan can be.
If CEL can prove up a high grade starter pit at Colorado V/El Guayabo (Ecuador) then game on. It appears there's a good chance. GY-02 reported 156m at 2.6 g/t Au from 76m. 40-102m re-assayed by $CEL.ax returned 62m at 5.2 g/t Au. Re-assay of JDH-013 returned 42.7m at 2.1 g/t Au from 112m. GY-02 & JDH-13 are 4km SE of ZK0-2 directly in line with the structure controlling mineralisation encountered in ZK0-2
