Ya jus never know Seems the fundamentals irrespective of dilution to get there, favour a much higher valuation than the last run on speculation of Aquila drilling. There is a fair number of warrants to chew through assuming a promotional cycle to entice same to be exercised by years end. The lions share some 20mil at 20 cents would add to the coffers
Assuming Penoles moves in this direction, Aquila is pure gravy at $250--300mil
As of July 2012
Racaycocha (Peru)
Project of copper-gold located in the north-central region of Peru. The work suggests a system type copper-gold porphyry with potential for a mining operation type open pit. The good results obtained so far have motivated accelerating the project, in such a way that in the period drill holes were drilled by 25.396 m, 36% more than in the previous period. It is estimated to have the first pre-feasibility study of this project by the end of 2013.
Of course maybe the Rockford will see us through a rollback in conjunction with a lima Listing? If that was to be the case then why bother with the JV at Ichuna..
As with all things in life hindsight is 20/20..
cheers
shoe