InvestorsHub Logo
Followers 14
Posts 1022
Boards Moderated 0
Alias Born 11/11/2006

Re: realtorwsm post# 3206

Monday, 12/07/2015 11:22:48 AM

Monday, December 07, 2015 11:22:48 AM

Post# of 47639
I didn't see anything that 8 didn't cover. Argonaut was only interested in a large open pit operation. A rough estimate (16 holes) indicated that it isn't likely, so they dropped out. Were their location choices unlucky? For them, maybe. For the future, who knows.

It looks like they tried in good faith. They spent 60% more than the minimum they agreed to and accepted Caesar's drill results instead of just repeating them. If the price of gold were a lot higher, they might be willing to try it anyway, but their conclusion from the assays was "Just not our style."

Dino