TSXV:SLX.P - Post by User
Comment by
SilverInMyPantson Apr 19, 2011 10:02am
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Post# 18452319
RE: RE: Silvermex Resources Starts Drilling at La
RE: RE: Silvermex Resources Starts Drilling at LaI want Duane and Fiona and James Anderson to read what i am saying and ACT on it, and to that end it is incumbent to be reasonable. I could note that the company indicated at the beginning of February that underground drilling would begin in March, and next we received an update on 30th March saying work would happen in Q2 and Q3. Followed up, finally by what we have received today. I could point out again that Arian has already drilled, processed and released results from nearly 10,000m so far this year. BUT I am reasonable enough to recognise that not all circumstances are the same, that this underground drilling is a complex business and that they have needed to take their time initiating it properly. Fair enough.
But the quid pro quo of that is that if there are areas in which it is unreasonable for them NOT to improve, then they had better improve.
Sunwood, yes, XCAP is not independent, they were commissioned to provide that report. I don't know if they played a role originally in getting Sprott to buy their 16% stake in Arian. I think Silvermex themselves, ie Duane and Fiona, should be picking up the phone to XCAP and commissioning them to write a similar report. As far as the investment community at large is concerned, the difference between the XCAP report and a powerpoint presentation like the one Silvermex have on their website is like the difference between a refined .999 purity bullion bar of silver and a pile of concentrate. They contain the same thing, but one of them you can sell to punters on eBay, and the other you can't.