RE: News - 2nd Half 2006 Exp UpdateAnd so ... what does this all mean ? HudBay continues to be very transparent with their operating activities and these drilling results ... but to the untrained eye, ie mine, there doesn't appear to be too much of importance here. They do comment on a particular drill hole with more gold, silver, copper, and zinc, percentage wise that they need to explore further ... and since these are results for the back half of 2006 ... I'm guessing that they are all over this followup
The last drill hole of the program - hole TLS020, made a very encouraging intersection which assayed 11.16 grams/tonne gold, 184.37 grams/tonne silver, 12.44% copper and 3.50% zinc over 9.65 meters.
So ... one of the criticisms I hear on this board is that HudBay has limited mine resources in the ground ... but with a $ 35 Million drill program on the go and "encouraging" results, one could draw the conclusion that this issue is being adressed.
I don't remember any other mining companies reporting this level of detail in news releases ... why is that ... is Hudbay's approach that much better ? or are they looking to reassure investors that all is well
Big numbers coming out on thet 8 th ...over $ 2 / lb zinc with record sales ... what will they do with all that cash .. . perhaps they will tell us soon !!!