RE:What is next?
Good all is resolved. Xali has literally BILLIONS in gold just sitting there at El Oro waiting to be drilled and extracted and that's just one vein of many.
Let's assume they have 5,000,000 oz of gold below 2400m, which is conservative, then let's say they only recover 50% which leaves 2,500,000 oz of gold. Gold is at $2500 and going to $3000.
2,000,000oz x $2400/oz = $4,800,000,000 in just one vein!!
The new deal structure will allow them to drill El Oro underground which is what everyone wants.
With cashflow coming in from multiple sources XGC should do well and have cash to move it all along quickly.
There's also talk about a sale, my guess a few hundred million, could be a $1.50+.
It's time to get the ball rolling and unlock the riches just sitting below the surface.
Joanne has held on to El Oro for good reason, she knows what it is worth and it's worth a lot!!!
GLTA!