RE: Why bother ?I think it's not just the quantity of the resource but the quality. Paca has two different zones with different silver/zinc grades and as far as I understood the CEO APE wanna go for higher silver grades in Pulacayo to be more recognized as a silver explorer. If I should speculate a bit I would say that APE may be a take-over target with a 150m OZ resource. Gower has more of an interim CEO in my opinion. He is with Castillian, he is a Nickel guy and recognized for his Nickel history with huge companies and I think that his main challenge at APE is to bring back APE on track to make it interesting for a take-over. APE has clarified all contractual things with COMIBOL that is involved into the Paca&Pulacayo deal. Don't think that Apex is the one who might take over but probably a foreign private entitiy could buy APE. Bolivia is regarded as relatively safe and cheap country with a big mining work-force, with own smelters and a growing infrastructure for mining operations.
Just my take of course but somehow it makes sense. 25% is already owned bei CIM and RBC, Apex has a back in option and could participate at a placement and the shareprice is depressed and driven down by one specific broker....
Art