RE: They must have hit something big...no, they have no such agreement and my understanding is that the board hired the complete geologist team of Castillian Resources + infrastructure to finish the BFS for Paca&Pulcayo and then go for a take over. RAB Special situations and CIM already own about 39% of the fully diluted shares and RBC was buying for some weeks. Additionally Apex will have the right to sign a 1m$ placement in APE as long as the BFS is finished. If Apex decided to pay the 120m$ for the mine construction which will be 20% of project value it should no be a problem to buy the other 40% of the project for another 240m$. You have to take into account that the shareprice had already been at 1.50$ almost 2 years ago when APE had no 43-101 compliant resource at Paca, no upgrades and resource and no tailing resource at La Solucion and not the multi-high-grade silver hits at Pulacayo. So we are delighted to see a jump to .54$ but actually this is just 36% of the All-TIme-High.
Art