RE:Rose PinahI agree. Great use of cash. For $25 million dollars we get:
-10% more ownership (production) of our lowest cost mine (Santandar is projected lower cost, but it hasn't been)
-roughly 2.5 million more pounds of zinc equivelent per quarter
-an increase from 2,000 tpd to 3,000 tpd down the road (they will certainly push for this now!)
If there's a mine to sink money in of the four that we operate, this is it. LOM is already projected at 12 years with a lot of exploration potential as well.
Great move by management!