RE: RE: royalty financing, thnx,
Just spoke to IR. Apparently they did meet with Sandstorm quite awhile ago but did not want to give up a life of mine % when they did not know the whole potential. Now that they have wrapped up the Xochipala they have had quite of bit of interest from others looking to help with financing (gold prepayments). They hope to get into the ground at years end once they have the paperwork done on the financing. (this could not happen until they were able to legally prove their new asset. (xochipala). Apparently their deal was still going through the courts and Gold corp did nt realize, thought they had access to the land via another party. They started drilling but now its not their land. oops. . . someone is not getting their Christmas bonus!
Production estimated to be around 25 000 oz once they get going. . . and based on their contractors past work... it could be producing by Jan. 2014. 16 months from now they could be producing and have significant drill holes on xochipala. Not ready to bet the farm on this, but certainly something to buy, hold and then see where they are in a couple years, if GoldCorp has not bought them out by then.
Adam is very well spoken... they will do a great job once they need to start their promotions.
forgive my repetition to all who are oldtimers on this board, I'm excited because this project reminds me of timmins gold management.... slow and steady wins the race.
glta