This is a crucial time for Glen Eagle."With regards to gold recovery, Cobra Oro needs more production time to make any forecast with an acceptable level of certainty due to the major changes brought to its metallurgical circuit."
According to my conversation with Jean, they hired a full-time metallurgist a few months ago to maximize the recovery rate. If he can get us a recovery rate of around 90% that would be awesome. (Now you know why I said this is a crucial time for Glen Eagle)
"The Company will give an update on its concession La Cobra in due time as it is reopening its socialization process with the community living in the vicinity of the concession. The ongoing talks were suspended for the last three months due to the recent municipal and general elections held in Honduras."
"La Cobra is known as one of the most coveted mining concession in Honduras based on past production data accumulated by the Ministry of Mines."
These talks are extremely important for the future of Glen Eagle since it will determine whether they can re-open the concession to mining. Again, this is a crucial time. If everything works out, this could be HUGE. (If you're a believer, NOW is the time to say your prayers and ask the good Lord for some divine intervention.)