Cerro De Pasco Resources Inc C.CDPR

Surprised and disappointed 😞

[bogeyfree]

After having waited for so long for the final signatures, I was hoping the SP would have moved up. What am l not getting? I would appreciate if someone could give me some kind of explanation (or hope).
Thank you!

[BueBoy]

This Easement only gives the right to access the tailings and to drill, nothing more. From that they can then produce a 43-101 with actual resource numbers for QT and that then opens up possiblities to include: Upgrading the stock listing to the TSX or even the NYSE.   Agreeing a deal with Volcan/Glencore for the use of the flotation facilities and/or agree off takes.  Even

[WarrantOfficer]

CDPR was recently awarded a long-waited easement enabling it to begin development of its Quiulacocha Project. The Project comprises the reprocessing of 75 million tons of tailings extracted from the legendary Cerro de Pasco mine between 1902 and 1992. Historical reports and metallurgical balances obtained by the CDPR show the tailings to contain around 458M ounces of silver equivalent across

[BueBoy]

Agree, but meanwhile we have determined seller.

[BueBoy]

Management have been working to get their ducks in a row. But now we have: a) The long awaited Easement. b) The US$1m fee attached to the Easement has been paid the the Peruvian government. c) Glencore are financing up to $2m to drill of the tailings. d) They have raised another CAD$3.3m (with yet more dilution) - well above the $2m announced -     to give them a healthy cash reserve

[Floridas2000]

Thanks for such a thorough update.  Things are looking on track. Sprott took an insider's amount.  For those that don't know him, it won't be undervalued  in the next few months but hopeflully Sprott doesn't muscle in too much.  Sprott is a smart investor, he's going to make a lot of money from this.