2012 Looking at the map it would seem they may have to drill a little deeper on the next set of holes, for 2012. They said they would be drilling 100 to 150 holes over the next season. Just trying to figure a few things out so please correct me if i am way out of whack . lets say they drill 100 holes at an average of 150 meters. that is 15,000 meters of drilling. Now i don't know much about drilling costs and i tried to get ahold of John today but he's not in the office today, i will try and confirm tomorrow. From what i remember from Azteca they were running at about $300/mtr that would be 4.5 million dollar. I don't know what the agreement is with MTB, regarding how much they have to spend but lets say they don't spend anything then DEC has to raise allot of funds, mind you they will own the whole thing. This is all speculation but say we have now 100 million shares, we own the whole thing, and we come up with a resource of only 2million ounces . valued at $40 in ground that would make our shares worth about 80 cents, if they increase that to 5 million then our shares would be worth $2.00
Any ways if any of you can insert some better numbers it would be much appreciated. I would say if they do any more PP this year you will want to be in them JMO.
GLAL