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Azteca Gold Corp V.AZG

Gold and silver exploration


TSXV:AZG - Post by User

Bullboard Posts
Comment by gefiehleron Sep 29, 2009 8:08pm
284 Views
Post# 16348647

RE: borehole gravity and other boring stuff

RE: borehole gravity and other boring stuff...with all that has transpired to date, does it seem as though this borehole survey would equate to the proverbial "Hail Mary" on the part of AZG?   Or, would it be considered "just the next logical step"?   Seeing as how drilling costs are fast devouring the Company's treasury, with no significant results yet, another PP is unlikely to yield the required drilling and operational costs.
     I would guess that the Company is counting on Justin Rice pulling thru with his share of the additional operating capital.  So, let's assume best case scenario, with Royal Apex coming thru with additional project funding.  So, with an expected $2.8m coming in, short of an accidental Scintrex discovery in either hole, how much longer could AZG continue to operate Two Mile?....
     I think all on this board have given this some thought, but it is worth discussing.  I'm still wondering when the "University study group" will make an appearance. There has been no mention of that for quite a while.  Also, why no information given to shareholders on the much-touted,  "Media Tour"?  I would like to know what was presented up there, especially if any video footage was recorded.  Still lots of questions...unanswered.
Bullboard Posts