RE: RE: Mgmt has let YoYo and all of us downAmazing the lies that come out on this board.
$62,000 in the ground? LOL.
Try a $3 million drililng program in China last year, which netted the Dadi 43-101 with 45 million ounces (51% silver) and the pending Laopandao 43-101, scheduled for completion this summer.
Not to mention the $4 million drilling program in China this year, which started last month. Goal is another 43-101 and potentially a scoping study by year-end.
Of course, you would have to do DD to realize this, given that SDRG owns 40% of Sino-Top and thus the capex doesn't show up on SDRG's balance sheet. But jimbo is too dumb for that, and of course his job is just to bash and lie like suckrd and the others.
Honestly, I expect Dadi/Laopandao to have 100-150 miilion Ag ounces by the time 2010 is over, and for Shengda to be considering a production decision by that time. They are an incredibly aggressive company, and it looks like Dadi/Laopandao could be the largest silver mine in China.
As for Mexico, they have continued to stockpile ore (probably several years worth by now) as they prepare for production, which if the permit comes in as expected in the next few weeks will be occuring in 2H10. Once that cash flow is coming in, they will likely ramp up exploration, as I think everyone close to the story knows that Cerro Las Minitas is likely a slam dunk to have 100 million ounces.
Of course, if the stock/PM market takes off and enables the stock prices to move up, they could raise some relatively non-dilutive cash and start drilling up Mexico in earnest.
yoyo