ComparablesSome comparables to the La Bodega. I did a more conclusive comparison to other Columbian situations. i have posted the simpler part just for brevity. Basically you have here a billion dollar asset that can be had for .25 cents. As i speculated before, if they increase these numbers in any way, this situation being an already steal of the century, will only be more attractive. For the record, i am in for a holding of shares at .25. Again not being much of a stock guy, I still recognize that the volume in the last two weeks combined with insider buying tells me there is something of substance to the smoke. Having said that, there is, for you investors out there, a litany of comparables in the country.
VENTANA-Bodega Property (BOUGHT OUT)
The inferred resource is comprisedof 3.5 million gold ounces, 19.2 million silver ounces and 84.9 millionpounds of copper which is contained within four contiguous areas asnoted in the following table.
Geology & Physiography
TheLa Bodega property is located in the Santander massif of the EasternCordillera of the Andes in mountainous terrain at elevations between2,600 and 3,250 metres above sea level. The oldest rocks in the massifconsist of Precambrian gneisses and schists that likely belonged to theGuyana Shield. The Precambrian metamorphic rocks have been intruded bythe Santander Plutonic group, intermediate to granitic rocks of Jurassicto Triassic age. Later intrusive porphyry stocks and dikes ofmonzonitic to dacitic composition may be as young as Tertiary in age andthe high-level, extensive porphyry and epithermal alteration in thedistrict is related to the emplacement of these porphyry bodies.
SEAFIELD-Quinchia Project (ACTIVE TRADING)
The
Quinchia Project has outlined an NI 43-101compliant measured and indicated resource of 1,227,593 ounces of goldand an inferred resource of 354,512 ounces of gold at one of itsproperties called Miraflores. This gives Seafield Resources Ltd. atotal of 1,582,105 ounces gold at Miraflores. Other gold
mineralizedporphyries have been identified nearby at Dosquebradas, where thecompany is in the process of completing its initial drill campaign.Seafield has also begun drilling at another target called Santa Sofia.
„The Miraflores project is a
porphyry breccia pipe identified
by Anglo and lies 3 km to the southeast of Dosquebradas
„ Ten holes were drilled in 2005.07 by Anglo and an
Anglo/B2Gold joint venture and indicated potential for
a significant open pit resourceINDICATED RESOURCE VALUE (SPECULATIVE)1.2 BILLIONINFERRED RESOURCE VALUE (SPECULATIVE)350 MILLIONROUGH AND DIRTY BREAK UP CALCULATION TO DATE$5.65 A SHARE