RE: RE: RE: Houses expecting the NR this week as far as news releases go,an increase in the resource is nice but, all the juniors are talking about 100's of millions of tons, and at production of 1,2,3 million tons per year.
When, and more importantly, if they produce, that will be the news release that means something.
I spoke to a rep for Encanto at PDAC, he put it simply, all juniors need a partner, none have the money to go it alone (AAA says it has been talking to those with money, but nothing signed yet). So when we hear about a JV/Buyout/Stategic Partner, then we'll see things move, and if you're not in, you may not want to jump the band wagon.
The only possible thing for AAA, FED, is proving a reserve at open pit depth, and after contacting Ercosplan, they said you have to be no deeper then 60 to 70 meters. Otherwise drill results move resource from inferred to measured, but everyone's already got a good idea how much is there. IMO
GLTA.