2006 is ARU's breakout year, 2007 will be R'sRomarco (R: TSX-V): When dreams are to become reality!!
What do you look for in an investment exploration play?
Here's a very brief list (within large selection criteria):
- Top management with experience and notoriety;
- Significant financial and institutional backing;
- Favorable sectoral macroeconomics;
- Near term production status (at least as an ambition);
- Properties with prior production, better yet with an estimated extracted quantity priced today at over 3 485 500 000 US$ (Old Pinos District)!! This is assuming 628.30 US$/oz gold x 5 000 000 oz AND 13.76 US$/oz silver x 25 000 000 oz.
The areas of most interest are vein intersections, which reportedly have resulted in many bonanza gold zones in the Pinos District.
Since veins from the Old Pinos District converge in Catanava (New District) and assuming the estimated grades to be accurate, Romarco will likely obtain assay drilling results in excess of 60 gr/ton gold and 500 gr/ton silver. If so, the company's future news release will send shockwaves through the markets, internationaly even. Market capitalisation will then in short time skyrocket to an eventual equilibrium (and a very big ROI), making many people rich in the process!! Let's not forget the Old District...
We are fortunate enough to know of such a company and to be shareholders of it (or potential ones)!!
In Catanava's veins riches abound!!
After discussing with the CFO last week, here's the projected timeline (projected thus not set in stone):
Assay results from channel sampling at Pinos district : End of January or very beginning of February (the program spans from 4 to 5 weeks then the lab…).
Drilling at Pinos district, Catanava site : Will begin early January (on or around January 8th)on a 180 day campaign.
First assay results from drilling at Pinos district (Catanava) : Near the end of March.
Drilling at Pinos district, historical site : end of 2007 or during 2008.
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In the near future (once Pinos assay results are known) the company's market valuation will fully be derived from its Mexico assets. Good news: we have institutional holders based in Canada, USA, Switzerland, UK and Australia, so news can have international reach. Also, let's not forget us retailers number of shares: More or less 18 million shares (currently 20% of shares outstanding). Thus, share price lifts can be sizable.
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