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Post by venturous on Apr 13, 2009 8:18:33 GMT -5
Everyone, look to your left!! Duran has a private placement of $500,000. Now perhaps we can try to drill ONE MORE TIME at Pasa, maybe get 2 oz per tonne silver? And, maybe one drill hole at Aguilla East?? Ven
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Post by trainboy on Apr 13, 2009 8:31:36 GMT -5
Reminds me of the Rocky Horror Picture Show...."jump to the left".
Well, back to a serious note. Looks like management has finally decided to respond to the increasing price of copper. Lets hope they don't miss the boat this time!
Trainboy
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Post by jdc1 on Apr 13, 2009 10:41:16 GMT -5
$500 000 = 5 million shares .......... ouch, it sure hurts doing a PP with the SP this low. Seems like now is the time to continue proving up the copper at Aguila.
Does anyone have any idea how much drilling can be done with $500 k?
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Post by venturous on Apr 13, 2009 10:55:22 GMT -5
I suppose if they decide to go to a cheaper drill format. Maybe portable drills, then many more holes could be drilled. The only problem would be that they could drill only 200m or so, not 500-600 m. But I suppose if you drill 10x as many holes, it doesn't matter.
The key in aguilla would be to get the tonnage over 200 million at .85% CUeq or higher.
Then a major couldn't ignore DRV.
Ven
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Post by pasacancha on Apr 13, 2009 10:56:41 GMT -5
Hi jdc! These days you would think that a company could get a better "deal" on sourcing a rig. There are also portable drills that can be sourced and holes can be drilled for a lot less. These smaller drills could be moved to more difficult areas as well.
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