Orko – takeover, nothing else Saw some vids with Cope and it is clear, that Orko and Orex management don't want to bring any of their projects into production. Their plan is to drill a prospective property out and then sell it to big players.
So the funding costs in a difficult market environment is simply not their problem because they don't take that ride to search for financing. It's always a simply drill out and sell game.
All what Orko has to do with La Preciosa is to release the PEA and the Feasibility Study in the next steps and then drill the project further ... and wait ... it's a waiting game, of course ... but I can wait ... the worth of La Preciosa will rise and rise when the price of silver will rise dramatically.
To Pan American Silver: What the relative fast deal with Minefinders is telling me is that PAA was really in distress to buy a producing mine. And in regard to the profitability: this year it was the first time when I saw a positive balance sheet by Minefinders.
Don't want to criticize the analyst for the TD Securities report but the Minefinders deposits are also not the ones who should "meet PAA's international margin rates" I guess. But we will see, just have in mind the balance sheets of Minefinders from the last years.