Post by
horsewithnoname on May 08, 2024 8:07am
If I am not mistaken,
Lusimin considered that in just portion of one of the veins to contain about 600 000 ounces Au - I know it is not standard compliant and Xali got reprimanded for citing it - but there seems to be a strong argument that El Oro could be a mulit million ounce deposit - average take over price per ounce in 2022 was more than 400 USD (https://www.spglobal.com/marketintelligence/en/news-insights/research/gold-rrs-2022-m-and-a-price-paid-per-ounce-up-on-high-market-price) - so why can we not move forward? Our market capitalisation is less than 8 Million CAD? Why can we not raise any money for developing this prospect? According to the CVs we have a universally talented management board, experienced pensioners with sufficient time that want to be explorers, geologists, tailings specialist, multiple CEOs, milling specialist and financial manager, public relations manager etc etc at the same time. :)