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Monday, August 12, 2013 8:01:11 AM
I personally take the $6 billion figure with a grain of salt as I believe should others, but that is his back of the matchbook estimate presumably based on whatever historical data and reports were made available from Codelco, the Germans and the Japanese. As of the 12/14/2012, he (and the other property owners) are looking to joint venture the property to "several interested parties". Given the instability of the current price of gold, the infrastructure challenges in the Atacama desert and the current risk appetite of mining companies, I'm not counting on a joint venture for the Jota properties at any time in the near future; however, the Jota claims are not a company maker and are merely a side project to Medinah's flagship properties Alto de Lipangue and Las Dos Marias.
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