RE: RE: RE: RE: RE: Corporate UpdateMercedin1,
I agree, the only thing that will drive this stock is news. And we don't have any, apart from the $4M raised at
.50 cents, not exactly the type of news we wanted!
For Barsele the only news of interest will be the new NI43-101, not sure whether Gary indicated when they hope to have this ready. Have asked, will see what they come back with.
I don't think we have had any new drilling information on Coneto in nearly a year? It sounds like little or nothing has happened on this project since the JV was agreed. As far as I am aware the agreement is only a Letter of Intent, not yet a definitive agreement. So not exactly sure what if anything Fresnillo are tied into doing until the definitive JV is signed. To me the Letter of Intent just spells out what a definitive JV would look like. Again I have asked them to confirm whether Fresnillo are obliged to do any drilling this year and when is a definitive agreement likely and what is it's completion dependent on?
Not expecting to get a lot back from them but who knows.