Post by
lifegoeson on Oct 13, 2021 8:50am
Great trading after a long weekend.
TOC closed at $0.94 on 152,500 shares. It was great to see buyers support after a long weekend. October is almost half over already, where did the summer go. It looks like the weather has been pretty good in Mexico, perhaps mobilization will start soon. Another good push upward in the price of gold with pre-open trading about $5 higher. No doubt the price of gold will play a factor in the junior resource sector, however, Pilar is not a hard rock mining site that requires expensive underground mining. A comparison of other mining operations in the Sonora State of Mexico puts economcal grade cut off of about 0.41 g/t gold, and given the near surface nature deliniated by over 21,000 m of drilling, Pilar is an excellent candidate for an open pit mne. Therefore, the price of gold is a bonus which should yield an excellent return on investment, not to mention an excellent return for shareholders. So much going on here with exploration of El Picacho and bulk sample at Pilar, we should be in for significant news over the next 6 to 12 month timeframe. By then we should know if TOC is a big a success as many are thinking.