Condor Resources Inc V.CN

Drilling

[DarkGreen]

I talked to a mining expert and says it is about $200.00 USD per meter . There would probably be a small mob and de-mob cost attached . We know they have cash hoard so lets get at it . This no time for Lyle to be cheap . 
Likw QH said there is definately smoke in them hills .

[shelby2]

they have enough to drill 2/3 holes into that blob and would be a discovery, it looks like its over a huge area. also they have more money coming from elem and Peru.

[KenGPS]

On the Crescat podcast Quinton said of Hole 5, at 1:34:10. "There is a Humongous system at play here"

[ALTEL]

i had a contact with Lyle last week i don't think he would mind if i shared this quote "We are not done with Pucamayo" MD&A is due at month end which will give us the cash position as of Dec 31 ELEM owes us $375k in march Chakana owes us $1 mil in june  Chakana's final payment is due June 2025,  $1.425 mil 

[DarkGreen]

yes Altel he said the same to me , but after talking to my geo friend and listening to Quinton I hope he realises there is fire right by hole 5 . I feel we will getting positive news from other propeties as well .

[ALTEL]

so what are you thinking DG go back to hole 5 with a larger drill move it over 50-100m and drill a 1000m hole could probably do it for $250k? QH seems to think we just missed it

[DarkGreen]

I think Kengps nailed it at 1.34 of Crescats podcast they show hole 5 is on the very edge of the formation . If you go to the center it should host deeper and higher grades . I have watched this section of the podcast 4 times and have had others who know much more than I do and they say no brainer .

[easydough]

So we're all going to be rich, after all!!. Great, I feel much better now. GLTA !!!!

[DarkGreen]

no I wouldn't say we are going to rich but, we have a chance of getting back a decent return . Don't sleep on Cobreorco there could be some there there .

[shelby2]

Also DG Huinac may be dtilling soon, could add to the prize

[DarkGreen]

I am just saying they re applied on a bigger DIA because obviously Teck 's experts saw probaly something juicey . 

[shelby2]

Altel can u tell us what happens when chakana's payments end, do they get a % Thanx

[ALTEL]

Shelby, as far as i know when all the smoke has cleared Condor will have a 1% NSR "The amended NSR terms of the April 2017 Assignment and Option Agreement stipulate that on exercise of the purchase option by Chakana, Condor will retain a 1% NSR on the concessions and on a 2km area of influence. Previously, Chakana will have the right to buy down Condor’s NSR to a 0.5% NSR by further payment