With 33 million shares outstanding and 53% insider owned that leaves less than 16 million for float!!!!!!! Thats great considering the resources and history of the property.
This is a awesome stock, and the grey status makes it very lucrative to me. I can load up while they work on getting a QX listing. Big named investors (insiders), excellent management, and a very awesome property, with additional HUGE land holdings.
The El Tigre property has a proven past and some very sweet drilling results and more to come. What more can you ask of in a Jr explorer? This thing is going to have large 43-101 compliant reserves when it's all said and done. IMO. I'm sold!
1903 –1938 Mine production is estimated at 75 million ounces of Silver and 290,000 ounces of Gold
1905 –1925 mine ore averaged 40 ounces silver per ton and 0.25 ounces gold per ton, 0.4% copper, 1.1% lead, and 1.4% zinc.
The main target is a large low grade disseminated silver resource. Potential estimates range 2.7 million metric tons of 170 grams silver per metric ton (3 million tons of 5 ounce silver per ton) (Bradshaw, 2008) to 16.4 million metric tons of 225 grams silver ton (18 million tons of 6.5 ounce silver/ton) (Thoms, 1988).
Target is a bulk tonnage, low grade mineralization from surface to the 700 level (225 metres) open pittable at surface.
New quartz veined and stockworkedoutcrops were discovered in October 2010.
2313 metresof reconnaissance drilling was recently completed, 5000 metresdefinition drill program planned for2011.
HELLO?? McFLY?????
