RE: Update from Ron hey peterot -- im not sure what you mean by "many of the 40 holes that are being used to update the resource are deep holes so there is a lot of core." Is this simply a statement that there is a lot of dirt analyzed?
I for one do not expect a major update at this point -- ron has gone out of his way to communicate that to all of us -- the last press release specifically says that phase 4 is about "delineat(ing) the geometry, tenor, and geology of the Cordero..." it goes on later to mention that the update will include core from la ceniza...which does not likely have grades high enough to make it a good zone/target (so says the press release). So do yourself a favour and expect to see a whole lot of dusters in the next update.
That said -- the new au zones could be interesting, we have plenty more to explore and are cashed up to do it. Not sure if any of you were around when penasquito got started...i was and i can tell you that it also did not look pretty at times....same sort of doubts, issues etc got in the way of many people hanging on to their shares in the early days.
Bottom line -- we have the cash, we have institutional interest, we have an existing ECONOMIC deposit, we have at least 5 more mine size targets to explore, we have silver on a major upswing, we have QE3 coming all over the world, we have identified 2 au zones.....