RE:DDmbLefty - (11/2/2017 3:29:51 PM) DD With Greg Chamandy & Rob McEwen owning approximately 27% of the shares made sure that DD was done. I bellieve that they know something and can't say just yet until they get all their ducks in a row. Yes I believe they should come out with something, I don't believe they did it so they would have a crew. I think that there is more gold around there that would keep that mill going for years. I am sticking with that for now until they come up with more news. We will just have to wait
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On BNN Marc stated they did it to get a trained workforce. Even that English guy found that a bit surprising.
Great there may be more gold but the grade is still 2- 3 g/ton.
They now have to share resources ($) with another deposit and Conicor is grading more than double Wesamac.
Why not spend all ones money on Conicor if half the drills gives up the same amount of gold or more.
All that for 20% of the company. If I was allowed to choose.
I would keep 20% of Conicor over ownership of 80% of Wesamac.
FYI
RIC bought beaufor (think from goldcorp) for one dollar (a looney) plus liabilities.