RE:RE:RE:RE:New boss is the same as the old boss and never forget it In a nutshell they have cash in the bank, have prepaid UBC for the testing that is now under way for the cesium extraction process. They think they can extrract the cesium using much less reagents which if the tests prove out they will look to build a pilot plant and produce cesium that they will prove to be economically feasable. He said the money is there if the UBC tests prove out.They expect those to be done this fall.
Lorne said they have been working with Golden Mineral for years and have a very good relationship with them and Warren Rehn is a standup person tand CEO to deal with. They both feel that the Sarita Este, Desierto 1and 2 properties could be one very large mineralized property. Once the issue with D1 is settled with the local Salta government the two companies will start drilling on Desierto to prove out their claim. Hopefull no later than fall for a decision.
Nothing has changed on the property that First Quantum may need to access if they move ahead with their mine. FQ will have to deal with CCD at some point I posted a link to First Quatums site a few weeks ago that better details their current effort and status on things. FQ initially wanted to put their waste in a nearby lake but that was refused by the government so they would either have to truck their waste at huge expense or deal with CCD. And that property could also be mineralized as well so there are various situations that could come into play.
Costs now are at a bare minimum and he acknowledged that they had some ineffective directors in the past that are now gone. They will post news as things acutally happen.
That is as much detail as I want to get into.