Water not permit delays is my biggest concern.If droughts in mexico can shut down production that's a real real negitive. Have no problem is cerro permit takes another year. Provided gold stays above 2000 and copper $4.50 the mines will mint cashflow. But if they can't operate due to lack of water-----that's a disaster. Perhaps it's a majpr reason these mines havn'et been devloped during copper/gold's past runs up to these levels.
Any knowledgeable input appreciated.