Greetings Friend Good extrapolation..........makes sense. They may well be rejigging the eia to encompass the potential of a future with expanded Pag and attaching Loretta. May not actually include them but just configure so they can be addressed in the future. Then again if there are sweet spots with tonnage to boot in the IPs or at Loretta we will want that thru mill sharpish.
shares traded today , todays news after recent news on her media may be the start of this share price starting to move up again , great news for in my opinion an undervalued share , well done to g s for todays good news
Great musing here today- re zooming in out. if you use the timeline function on goog earth you can see more of the bright goldish shades from different angles and different dates. interesting obs you had there, pat with loretto, maybe any eia issue was more to do with the wider footprint of potential mineralisation, not just in the valley, but over "cumbre" stretching down over in to next plain? thus a whole different ball game to what i first swotted anyway within my original plan. good to see locals aboard, lets hope all eia issue re water etc will go well , in time :-) corbs:-)
yes that's an interesting turn of phrase. He will have all the field geology so it may have been made in the light of what the Geologists are finding. Spotting a mountain which is a darker different color from all the surroundings is a very old method of prospecting. Looking at the aerial photos of Loretta I get an impression it could be a cap deposit. This will make it very well defined and I wondered if the capping strata could be about 300m thick ?? A lot to suck out of an aerial google shot eh. But GS comments suggests that as yet Pat isn't a giant ( subject to IP drilling results ) and he isn't expecting Loretta to be a giant...........so he is expecting to lump Loretta in with Pag. Hence I am sucking as much as I can out of google shots however fanciful. So if Loretta isn't big enough to be mined on its own then it can be mined as an outlier of Pag. and so enhance the value of Pag. More or less my expectations when Loretta first rolled out but I think now articulated by GS and a plan in place to quantify so it can add specific value in negotiations for mine finance of Pag. Happy days to us all.
Interesting words by GS when talking about Pag today when he said "Pag now with Lorreto makes a package". Do these sounds like words from a man that doesn't envisage us mining Pag (package to offer to someone else or package to take to the money men for open pit production?) Will we just continue to be an exploration company that takes 20 to 50%? Perhaps. Still a clever approach with plenty of upside for the sp and a quick way of realising those assets into production financed by others with bigger pockets.
Excellent post dustie. Spot on the money. Are we going to get Chinese involvement in mine finance now we have some on board? Have to change my tune a bit after that rns. Well done GS. Not easy to find cash atm. Is the heads up re EIA for Pat by year end still on the cards or have things been pushed further out with this new focus? With so many projects on the go surely we will be inundated with rns's! As you say the question is whether or not Lind hold. My feeling is they are not in that game and do not have a great deal of cash to play with and therefore will sell their 100 mil(?) on any rise. The retrace today is mainly all due to pi's traders. Quite a few of which have been posting today imo. Look forward now to a raft of good news. GL
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