RE: RE: RE: RE: Artha to acquire Aguilar project f A few notes:
1) The new property appears to be in an area with great potential and is close to an operating mine.
2) Neither the costs nor the work commitments are staggering.
3) if they find something, there is an option back-in clause, to recover their investmennt while keeping a nice %age. If no back-in, they can peddle it (or some portion) to someone else
4) Good properties are like key dated and/or high grade coins---get them when available. This will become even more important as the price of silver escalates.
A more puzzleing question is if Pirquitas is as good as everyone thinks, why hasn't SSO taken them out? This is especially true at current price of AHC, and if :
1) Artha is correct about the savings for SSO that would be had, if they used the short cut for waste through Artha's property.
2) If SSO wants to increase the return on their capital outlay for the mill, they will need more ore. SSO's plant had a projected life of 9 years. Even if their new drilling doubles that to 18, it is not a long time for an operating mill----they should need more ore.
I'm not sure how long Artha has been in Argentina, but a 10-12 yr time frame is not unreasonable for a successful project. Keep the faith.
Regards,
JA