TRGD keeps the money and shahres as it did when previous partners fell over due to money problems,or non contractural behaviour.Confirmed .
Non disclosure and not honest disclosure-a la Las Minitas are not good.But sometimes delaying disclosure can be justified.Please try thinking a little outsize the cuboid.
Real issues to me.Making cash.Cashflow.That is,achieving what most juniors are not.9 majors were investigating San Miguel.The resource now looks like about 140 million silver ounce equivalent once the remaining 23,000 metres are drilled.But with drilling remaining undone and lacking indicated status.WE will have however a serious find.How much discount for lacking tight drilling?A potential buyer could hand pick quite a few sites to be drilled per their desire,thus tending to prove up the resource where it seems most significant.Not indicated but revealing.
One question.Does PZG or TRGD hold onto to drill all of the possible structures lighly?That is,to an inferred status?That seems to me at least a year further out.Do either hold till indicated ounces are held?Near $40 million worth more drilling would be needed.In both cases,do the companies have uses for money now,that offers potentially bigger rewards?
PZG has a lot of interesting land.They will have geomagnetic surveys I am sure,to help guide them.
TRGD has Picachio and Cucurpe,for two,they seem very woryhy of serious investigating,starting with geomagneic survey if not more sophisticated imaging .That involves costs,as would starting production initially at Picachio.
If many of us are right,precious metals and other commodities could be due an inflation re rating.That can do use good.
For now,seems to me the next 2 months will reflect seriously on our share price.(Particulary as we fingers crossed watch for Don Ramon news)
AI
