Heliostar Metals Ltd V.HSTR

Another thought

[deepthinker63]

If they drill and find much more than 200,000 oz at Cumaro, then they have even more options.

[gemcutter]

Funk did say in either the Crux interview or the open meeting with live questions just before Crux's interview with Charles, that he was aiming for a step by step investment to obtain the 12-15 million $$$ for the next drillings. So looks like could be 2-3 warrant offerings in the 5-6 million number similar to what Heliostar got from the last offering. (I would imagine with similar timelines

[deepthinker63]

There might be other options. Royalty on Cumaro if drill results confirm.  Sale of one of the other Mexico properties.   

[deepthinker63]

Silvercrest would likely buy Cumaro.  The more they can show there, the higher the price.

[gemcutter]

Yep, some good options but a Cumaro royalty would be slick Deep. At this point I'm still in the 'they have some back room interest/support' as IMHO Charles F. is loud and proud in maintainting the 100% ownership of all properties as a priority at this point. Crux drove hard to learn what's going on in board meetings regarding next investment types, just came down to the ol'

[deepthinker63]

Clearly, the correct order should have been Cumaro then Unga, although in this market there's no good news short of bonanza grade.

[Ungawatcher]

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[deepthinker63]

Yeah, big share dilution means he's doing all this work for someone else.  Not attractive.  

[gemcutter]

Was hoping for a combination of both a open pit mine and underground in final state--5-7 year plan. Early this year Charles stated 'NO' to any open pit. In one of his recent interviews or open session w/questions he stated open pit is now something they are looking at with the newest results in--this is on Unga of course. As Deep stated their is efficiency in Cumaro's logistics

[deepthinker63]

Let's say they did have 200K oz near surface at Cumaro.  It's high grade, so don't need to move massive amounts of aggregate.  What are the economics of setting up such an operation, how many $ could they expect to net per oz, and would they need to go through the whole mine permitting process, or would this be less involved?

[deepthinker63]

Also, is there a road nearby, cause that would be important.