Spoke to Marc - UPDATE!Just spoke to Marc - all looking great. Audit being finalized, and SF has confirmed that the 10K will definitely be posted no later than Wednesday. Lots of beaurocracy, but the report is essentially done. Not only that, the 10Q for the first quarter may be filed as early as Thursday, in this case a week early.
Also, the draft of the first Chinese 43-101 report, from Erbaohuo, was received today. Don't know the numbers, but I know that it's 65 pages long and Marc is very happy with it. After going through the legal once-over, the report should be ready to release in about a week to a week and a half. Like the Cerro los Minitas 43-101, the SEC will not permit the numbers to be published in a press release because they are not proven/probable, but rest assured the numbers will be available by just calling to ask.
As for the IPO, getting the 43-101 from Erbaohuo is big news, as it is the last piece of info. required by Union before doing the deal. They now can put the two 43-101's into the prospectus, which by the way is almost done because most of it is taken from the S-1, which if you remember was filed last month (I think about 150 pages).
Finally, remember that SDRG has been under a mandatory cone of silence during this confounded "E" period, so they may be saving lots of stuff for the period following the E's removal. We all know that Marc's trips typically result in news releases, and he just returned from 10 days in China.
So much going on, and keep in mind that a year from now all nine 43-101's will be done in China, which should give the company a total resource (before drilling success, such as the recent press release from Mexico) of 300-350 million silver equivalent ounces.
Not to mention they are currently producing in China, about to be producing in China, and moving toward the closing of the Hubei acquisition, which would make them a producer in three different areas.
Best of luck longs.
yoyoyo