1. They will be drilling in June for the down-faulted extension as well as doing infill drilling on the scarp. The down-faulted extension just has to be there.
2. Company is presently preparing a bankable feasibility study (BFS) as part of their move towards production in Q3 2010.
3. Based on known resource their net present value is $50 million compared to market cap of $7 million.
4. They have cash sufficient to finish the BFS. At that stage they would be able to fund mine development with a gold loan. Equity dillutions are pretty much behind them.
5. Paron is now 100% owned by LAT following payment of final instalment in Decemeber.
LAT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
