AngoGold excited over new porphyry find in Colombihttps://www.minebox.com/story.asp?articleId=11231
AngloGold Ashanti is excited over its new porphyry find in Colombia. " The Inferred Mineral Resource of 12.9Moz is defined at a gold price of $1000/oz"
“La Colosa represents a major greenfields find, with further upside to increase its resource potential."
The point is, big majors like AngloGold are in the hunt for deposits like Capiche.
Give the market time... its a bit cautious in the May month and over the recent Ecuador scare. At the current share price, the market is giving Capiche almost ZERO value!
This cannot last long. Look at how well the market is receiving Andina Minerals and its one trick pony atm! Not to mention Arizona Star when it was acquired by Barrick...
Exeter should be at least $7/share by the end of the year.
Also, I was fortunate enough to have downloaded a copy of Arizona Star's presentation before the merger and taken off line. It's interesting to note that Cerro Casale heap leach portion (upper oxide) is 1.3 million ounces grading 0.54g/ton Au with recoveries of 65%....Quite consistent of Capiche oxide zone's grade.
Further, at $3.00/pound Cu and $650/ounce Au, the cash cost is NEGATIVE $245/ounce Au....and payback is 1.9 years