THIS COMPANY IS A LONG TERM HOLD BECAUSE IT HAS SO MUCH POSSIBILITY. THE CRUCITAS MINE IN COSTA RICA IS BEING HELD UP FOR PRODUCTION BUT THIS WILL BE CRUSHED SOON. WITH 2 OPEN PIT MINES RUNNING AT THE SAME TIME WITH MILLION PLUS RESERVES AND MORE BEING DISCOVERED IN DRILLING AND LOW COST OF PRODUCTION PER ONCE THIS WILL BE A GOOD ONE . ON TOP OF THIS IS THE CRISTINAS CLAIM IN VENUEZALA ONE OF THE GIANT ONES NOW IN ARBITRATION AND IS EXPECTED TO BECOME THE SA EL DORADO OF GOLD MINES. BIG PAY BACK ON THIS IN TIME. 65% OF THE COMPANY IS HELD BY 2 BUSINESS GROUPS AND FUNDED BY THEM AND CORPORATE OFFICERS ARE BUYING STOCK. THIS COMPANY CAN ONLY GO THROUGH THE ROOF ONCE IN PRODUCTION AT THE CRUCITAS OPEN PIT MINE IS IN OPERATION AND THE CRISTINAS MINE IN VENEZUALA IS TAKEN BACK. MEDIUM TO LONG TERM HOLD TO ALLOW FULL PRICE APPRECIATION 2-4 YEARS BEFORE SELLING IS POSSIBLE. THIS WILL BE A $100 PLUS STOCK BEFORE IT IS OVER.
CRUCITAS PROJECT COSTA RICA
1,200,000 indicated oz Au @ 1.32 g/t
Bankable feasibility study: 35% IRR (after tax)
US$ 66 million capital required
Exploitation permit in hand
Environmental permits in hand
7,500 tpd mill purchased and being delivered to Costa Rica
18 month construction window
Strong potential to expand resource:
1,241,000 inferred oz Au @ 1.28 g/t (Crucitas)
469,000 inferred oz Au @ 4.5 g/t (Conchudita area)
Large exploration concession area (~800 km2)
