We have a mine!You can mortgage the house now! Expanding the deposit to the east clinches the deal. It was not expected to get good grade from the surface. Duran has ore grade material over 260 meters from surface. The drill was stopped in ore after entering 111 meters in the porphyry zone. It must be deepend another 180 meters. This extension will really tell the tale how big and how rich the deposit is. Hole #5 should be out in another week or so.
I beleive we have about 300 million tonnes now and the deposit is open in ALL directions including depth!
Duran will likely get analyst coverage now. If we ever get a good website and an analyst report the stock should really take off.
The Pascancha will be drilled in October as well.
Those poor soles holding MacMillan and not even moving up one penny on over 715,000 shares sold. If it is any consolation they will (MUST) catch up eventually. After all they own the same deposit!
It is not often you can invest in a company knowing it is worth at least $6/ share selling for $1.55 and knowing it has a second former producing mine that will soon be drilled and the tunnels sampled.
Hang on tight to your shares and enjoy the ride. Give management another 18 -24 months to add value and get a buyer for both deposits. Thirty dollars sounds nice! That's $30!