Updated Information One Big Seller Yesterday.....Selling at end of month...Don't know who it is or reason for it...nothing material has changed with company or prospects....probably somebody needed cash quickly
Mexican Miinng Law is not written in stone, but even if it is nor the biggest deal in world...For instance Goldcorp would lose about 50 bucks per ounce. So if there mining costs are 600 it is now 650 and with gold around 1350, they are still making healthy profit. Goldcorp still needs the rest of our property for their leach pit. A deal should be done on that by end of next year.
Two very intereted parties watching closely our mining results. Consistency is the key. Expect more results next week. Bob Moriarity is being a little excessive in his opinion about over 3 grams per tonne, expect 2 and be happy about that.
Second tranche of money due by GC should arrive in about 6-8 weeks, held up by process by Mexican govt. No worries there.
Overall the drop yesterday is immaterial and insiders are buying the dip as should we! Gold is bottoming.
https://theslipperyslopeinvestor.blogspot.com/2013/10/the-big-picture-in-gold-chart.html