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Re: MWM post# 1015

Wednesday, 12/29/2010 2:21:33 PM

Wednesday, December 29, 2010 2:21:33 PM

Post# of 5489
I agree with you MWM We should keep each other honest on boards like this. However, the Coupe may not be that far off on his $2 eps expectation. The reason I say this is that all three gold targets on El Torno should prove very very inexpensive to work. They already have paid and ready to turn on the eluvial gold production plant (see the photos and videos on Flickr if you haven't already); there is a robust gold market locally (spot - 5%) so no transportation costs (except the stuff going to Goldlake which they will probably pay for); the two large geochem anomalies (over 2km wide each) are surface open-pit potentials; and there already exists over 1km of structurally sound underground galleries to help fast-track the underground mining of the vein. The ground up there is very stable with no degradation thanks to very little precipitation. So, El Torno could be producing millions of ounces of gold with very little cost other than resource estimate drilling to produce a bankable NR43-101. Just my opinion based on reading the detailed report found on their homepage and historic releases.

We are all in the same boat here just some paddle differently than others. Let's keep things friendly so we don't scare away any new people. As shareholders we want new people reading this board and finding it useful.

Here's to 2011 being the year Soltera makes us all very very happy.

JP

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