RE:Easement is hereFloridas2000 wrote: It was a long wait but it's finally here. I was thinking of getting out but I might do the opposite and accumulate on the dips. Let's see how long it takes for them to start generating money from CDPR?
Also, how is the other mine doing? I know it's small but did they shut it down?
After being here so long it's not the time to get out, unless selling and hoping to re-enter at a lower price. May be a period of little news until late Q3 or more likely Q4 for the 43-101 to be produced but they already know what the likely resource numbers are and so there will be plans made over the summer for the next stage. Don't forget Glencore are paying for the drilling and so they are in the loop on this.
Once we have the resource numbers then decisions can be made with regard to the path to production and a deal for the use of the processing facilities.
Santander is I believe still on maintenance and even with the zinc price increasing above what it fell to the mine needs investment to develop the new pipe and so I would expect at some point a JV to get this up and running again. Or perhaps even a sale. It's not a core asset and funds generated could be better spent.