CJO 0.00% 13.0¢ cerro resources nl

time to buy?, page-6

  1. 1,238 Posts.
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    Commentors, lets not confuse things two much - there are two different deposits being discussed here in the sme breath. The bankable feasability is being conducted on the very large low grade heap leach resource of Cerro Del Gallo, where the results released this week are from the obviously narrow and extremely high Namiquipa Deposit. Yes the capital may be high for Namiquipa (I'm not a mining engineer, are you?), but this could be funded from the much lower capex Cerro Del Gallo. There is also the Mt Philip Fe resource that may be sold or mined with a high opex also providing funds.
    Keeping an eye on the big picture we have a company with many highly prospective targets and known resources with many options for funding and development.
    Personally I have been buying since about 28c and I continue to buy more.
    Should I comment on where silver prices are heading??
 
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