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Re: Geico post# 22368

Thursday, 10/24/2013 9:50:31 AM

Thursday, October 24, 2013 9:50:31 AM

Post# of 26631
Geico, I don’t think Spain will be separated, but I am surprise you don’t see Spain as some of us do.
Spain reserves which I believe will be published after New- Year will at least double of what officially has been reported.
We were not allow to use old data from SRK and Cambridge, but updated 43-101 will support previous findings.
We can easily bring rich ore from Spain, it’s done all the time and process it at Moleron until new plant is build.
Our production cost might goes up to $800-850 but if gold goes up as I think it will- we should be OK.
Here is a piece from older article:

“…At the time Newmont took an interest in Lomero-Poyatos a little over a year ago it contained an indicated resource, based on the AusIMM JORC reporting system, of 16.45m tonnes containing 1.6m ounces of gold and more than 4m ounces of gold equivalent of silver, copper, zinc together with a small amount of lead. Bramhill says that SKR's consultancy work is continuing and it will produce a resource estimated - again based on the AusIMM JORC system.”
And of cause our Doctor used to work for SKR, he knows first-hand.

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