Exploration Update... Unexciting Updated Presentation but excellent Exploration Update, covering a large array of properties and offering, for the first time, an overview of the Argentinean Portfolio.
As far as the LCC / CCD Francisco I & II, I subscribe to the following “Management Discussion”:
“The 50% owned Francisco I and II properties adjoin Taca Taca to the west and this location may present a value opportunity with low-geological risk. Taca Taca's mine development is in the planning stage and the soon to be published NI 43-101 Technical Report is expected to address certain issues not previously addressed. These may include the most economic and environmentally best locations for the mining and milling complex and identify areas close-by as locations for a low-grade a stock pile, overburden, waste rock and a permanent tailings storage area. The technical report may also address permitting and a project evaluation analysis (PEA). There is a large volume of material to be moved from the open pit to other areas over the life of the mine. The location and cost of the infrastructure can materially affect the economics of the project, its present value and its internal rate of return (IRR). The infrastructure configuration and respective locations may need to be as close as possible to the proposed Taca Taca open pit.”
Let's just put another scenario in place (but I have no evidence about it)... Mainly for the fun of it...
LCC PEA was ready in March 2013 (as expected) but contained references to mining infrastructure located on Francisco. Since LCC has only 50% of the Claims, they requested an update of this PEA with mining infrastructure located on their Claims (100%)...