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Re: microcaps1 post# 70663

Tuesday, 05/08/2012 9:53:22 AM

Tuesday, May 08, 2012 9:53:22 AM

Post# of 91121
From this post you mention that the last drill hole was down 100 meters. Did you get that from Bob? I thought the intent of DH 72 and 73 was to go much deeper than 100 meters in the attempt to quantify reserves. I recognize that there is a limit on how deep you can go with a strip mine operation, but 100 meters seems to be a low-ball.

I think I saw in one of RM's posts that Bob said or hinted that they were going to now go out futher from the center line of Coloso and drill until they find the edge of this vein. It was good to see from your pic, that the drill equipment was still on-site, adding credence to that conjecture.

As an aside, have you ever heard Bob mention any concern about the bottle-neck at the port. The way I see it with the delivery window available, CWRN and any other producers who use Ensenada will be limited to about 200,000 to 250,000 dmt of shipping per month. Has he ever mentioned anything on any progress being made on the Port of Colonet project? I am finding little activity on that project in the past couple of years.