Let's Focus: Cobra de Oro Hey folks this is the New Ball Mill parked at Cobra de Oro waiting for the foundation to be poured! It vastly over-shadows the tiny ball mill it is replacing!!
Yahoo! https://www.gleneagleresources.com/projects/honduras/
I have to say the merits of GER that out rank it from alexandria or 99% of it's peers is found in the actual production numbers being accumulated by GER. This company has a major leg up on all it's peer group. We are truly on the verge (month+-) of breaking this company wide open with large increased production numbers. That will really put GER in a class with few others of it's size (Dynacore here we come!). I would hazard a guess that 99% of GER's cross section of would-be producers have no way of bringing their M/I to production due to pre & final feasibility/mill construction hurdles to Fund. PLUS the "All In" costs for GER (last I talked to Jean) were at $300 to $350.00/oz. With final upgrades to mill & IF they can maintain a 16+ g/t ore that All In cost should drop measurably.
Plus I sense gold is poised to move much higher into the Fall/Winter & the lagging miners (especially companies like GER) will ride to multiples higher. Wait till we prove the sources of both tailings dumps & the La Cobra mine. Drilling is set to begin soon.