Good move in allThey have put themselves in a great position, and further ahead of many of their peers in these tough times.
I think these were good moves overall, given the circumstances.
If you want to get more info, don't bother with email, just call the 1-866 number. I spoke with Karl Boltz directly. They are doing the right things. My guess is they will be focussing on plays like their 100% owned Reyna de Oro Project which has even more promise than Moris.
With the $1.5M from Moris and the future $1.5M in returns from the other land sales, plus the cash and royalties from the sale of Urique, I believe they have given themselves enough breathing room to create production of their own. Their idea of using the JV avenue has put them in a great position in this time of Gold prices near their all time high, and most opinions calling for Gold to be in the $1500 to $2000 range within a couple years. With a very low burn rate, and some cash in hand, the stock price is a steal.
Volume is picking up, and smart money is slowly accumulating very quietly.
I wouldn't be surprised to see us back in the teens on the SP within a month, and closer to .50 by the end of the summer. This is the time for small cap's, and gold and silver co's especially. This is the time that fortunes will be made. I have all I can handle, so I'm just looking to hold on for a fun ride.
Good Luck to all longs who have kept the faith. We're going up from here!
RC