RE: March 1 Press ReleaseI don't think it will affect the sp at all - I'm interested in the Caballo Blanco property (open pitable) or the San José de Gracia (nice grades). Cerro Colorado will be their first production mine this year but just 25k oz (or so they say! ;) ), so we can just wait for the results. The report and any sp movements from March 2010 as so - 2010... They are going to release an updated NI43-101 to correctly report the reserves and resources. I don't see any problem other than hiring a few laywers to proof read their stuff before Sedarization. Clearly the recent short-form prospectus was not for Cerro Colorado.
https://app.quotemedia.com/streamer/newsItem.htm?storyId=39103783&;topic=GGA:CA&webmasterId=92285
The reference to "known reserves" on page 26 and references to the Estimate-Valuation have been retracted and an amended NI 43-101 compliant technical report will be filed by the Company on SEDAR. The Cerro Colorado Mine currently does not have estimated mineral reserves or a NI 43-101 compliant economic analysis. Therefore, there can be no assurance that further exploration at, and planned expansion of, the Cerro Colorado Mine will result in economically mineable reserves, increased production or recovery of the capital costs of expansion. Further, as there are no estimated mineral reserves, there can be no assurance of continued economic production at the Cerro Colorado Mine.