RE: RE: RE: RE: Fill Yer BootsDon't want to keep beating on Casey's drum but the resource estimate is part of the reason they are calling this a limited risk play at this point. So I think you have that right. Their thoughts are that there will be volatility in both the equity and gold markets and until the resource is stated or the drill results are in not to chase. I understand their patience but I am like you and have bids in every day. In the long run $1 vs 1.12 won't mean much to me so I will get mine now. Also I own a good chunk of PMA both from the spinoff and the early trading. Casey's son in law (Louis James) seems to have a bee in his bonnet over MDR and PMA management but is happy with Hewgill. I understand partially the reasoning for that but in the end whether you own pma or reg shouldn't matter too much. Personally, I think they should merge.
The last time I spoke with Eric Coffin he was planning a trip to visit the site and as I mentioned earlier that IFC addl financing is a bigger statement than the dollar amount . It seems to be a show me the goods first story with some of these players. Fair enough.
"but this to me looks like a monster" - although I have never heard this directly from either management, my gut feeling talking to both managements over the last 5-7years is that Rio Grande has always been their prize property and that both Lindero and Haquira were just the warmup acts for the RG. Ok, Haquira was one fine warmup, but I still believe RG is what they have always been working towards. Monster potential is very appropriate, but still lots of work to be done. The NorthEast zone could be that next game changer and I am looking forward to those results.
Lastly, I can't help but think that an MDR mining permit, which they are suggesting is close, would have at least some benefit to Reg/Pma. Should be some interesting news coming down the pipe in the next few months.