I have done some DD on the San Alfredo Project, the new property that DOT picked up in Paraguay and Paraguay in general. Some points:
- The concession is aobut 75 km in length and about 2 to 3 km in width. Voisey Bay was about half the length.
- It's about 250 miles from Asuncion, which is where you fly into.
- Geochem shows there is ore there.
- The group who owned the property accidentally let it lapse. The new guys got the heads up and scooped it.
- The new group wanted J. Komarnicki in the drivers' seat due to his track record.
- A company called Morvan (?) did a lot of work on the property where the faulting connects / coincides. They found in the 1.3% plus nickel range.
- Millions have been spent on the property by other people.
- The fault structure where the highest grade nickel is has the nickname "the cueball." It is a very high density 5 km target.
- The deposit is an ultramafic structure.
- Due to past drilling, an inexpensive drill program should turn up somethng very, very compelling.
- This property has quite a profile in Paraguay. There is a very good chance that Paraguayans will want a chance to buy into it.
FYI: Paraguay has very good rules for the doing of business. It's been reported that the Bush family has put almost $400 million into the country.
There's more for later...
Cheers.
Jim