RE: ''''Buy'''' recommendation Tuesdaynot sure if APE has already completed the follow up drilling that was scheduled for Q2. The MD&A as of 30th/may implied that such holes hasn't been drilled yet.
Back in February 2007 APE forecasted an initial resources estimate for August 2007. I suppose its quite difficult to deliniate a resource 43-101 compliant estimate because of the complicated structure of the upper vein. We have very high grade veins with 50oz of silver over 3m for example, broader zones of about 7-10oz of silver equivalent in the near surface portions. To my understanding APE has to find the open pittable part of the Tajo vein (if any). I wouldn't mind to start a comprehensive underground drilling in the LTVS because it will APE gives access to high grade silver veins but those are narrow and APE seems to go primarily for the open pittable parts of Paca/Pulacayo...
Art
Further I noticed that APE intends to further test the Pacamayo Zone with 10 drill holes. The first 6 holes detected no significant mineralization but interesting structures to follow up.