This is awesome newsAs Marc has told me, 'we are aiming to do in four years what PAAS did in twelve.'
This step is amazing, as it shows the company is targeting 43-101 reports on the entire nine property Erbahuo complex by year end. Remember, by Chinese 122b standards these properties hold roughly 320 million ounces of silver, so if these reports are even in that ballpark SDRG is the cheapest junior out there.
As for the first 43-101, the company previously announced that it should be done by the end of March. This is high priority b/c they need to have two 43-101s, one for Mexico (done) and one for China before they can proceed with the Toronto IPO. Given the red tape that Marc navigated with the SEC to get the first report out, my guess is this one will be much smoother sailing.
Moreover, the company is now planning to expand the scope of the Erbaohuo production plan. Remember, the company already is projecting positive cash flow in 2H07 (including Mexican producttion), and likely earnings.
This company by year-end will likely have inferred resources of more than 300 million silver ounces, production and earnings from both China and Mexico, a TSX listing, offices (to be open by PDAC), and an increased administrative infrastructure.
C'mon ziggy, I dare you to short some here - LOL!