RE: RE: RE: btc selling btc victimHockey+gold, they are drilling Chacay, I do believe they are waiting for results on Llancahue last few holes. As far as cash allocated for the projects, I have no idea.
If you are implying that they are hurting for cash then at the present moment I would agree with you. The only problem with this is that time doesn't stand still. COP share price is approaching 50 cents and the permit is getting really close so that means there will be a few million bucks coming Coro's way if in fact those two things happen. If they do get the permit then the stuff in the ground is now worth something of real value to any major mining company with lots of cash. The majors don't usually take on a project unless the T's are crossed and the I's are dotted. The permit is the key to unlocking the vault of cash in the ground for Coro. That's the present risk. They also have some back up plans just in case the permit doesn't happen which is three other interesting projects.
Now on the glass half full point of view. If the stars line up and COP gets the permit and the price of copper is $3.75 or higher then as per the corporate presentation the San Jorge project would be world class which is a valuation over 1 billion dollars / year for 16 years plus they will do more drilling and could come up with more reserves.
So the part I don't get other than MAR is Canadian is why invest in MAR when COP is head and shoulders above MAR. I understand that COP could be a higher risk but risk vs rewad is the name of the junior mining game. I don't see any world class MAR numbers in any of their projections.
MM