What am I missing ???
From Orvana's report on Don Mario:
16.1 Testwork
The copper/gold mineralization at Don Mario occurs in two main mineralized zones, the
designation and approximate assays of which are as follows:
Upper Mineralized Zone (UMZ)
• Copper: 2 percent
• Gold: 2 grams per tonne
• Silver 50 grams per tonne
Lower Mineralized Zone (LMZ)
• Copper: 0.4 percent
• Gold: 8.5 grams per tonne
Then compare it to ECU news release which is in the $2.50 share range with no production facilities yet:
For Immediate Release
Source: ECU Silver Mining Inc.
• Average grades for the stockwork zone in the 17.5 level cross-cut increased to 2.43 g/t Au, 57 g/t Ag, 0.23% Pb and 0.44% Zn Ag over 28.2 meters when including missing gold and silver assays for a 7.4 meters section and the missing lead and zinc assays;
The only conclusion I see is once again Orvana is dirt cheap. Also it will be interesting to see who the new leader in Mexico will be as I continue to read they are leaning towards voting in someone from the Left (similar to Chavez/Morales).