Progressively, different news will be released during the next 12 mths. Goldcorp will have to decide if they want the Mexico mine or not, hopefully by July. They will never come in as a junior partner. I don't think CJO would have any trouble arranging for a funding of $80m if GC walk away. The production from the mine may be chicken feed for GC but it would do nicely for an outfit like CJO. Mt. Phil's iron ore resources should get a figure by Sept. Coupled that with drilling results from Namiquipa, we should expect a steady stream of info.
CJO Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
