loadedgun
Unico is going to complete the mill and then they have a problem. Unico has no mineral project.
How do we know? Because they never released a single number to calculate.
When Unico gets around to it, they will announce an exploration program.
According to the geological reports, the logical place would be the 8600 extension of the mantos. Whether or not you have taken the time to read them I don't know. If you did, I would suppose that you would agree with me.
Even the limited exploration update released last year states that if there is something worthwhile, that is the most likely place.
However given all of that, Unico has failed to announce thier intentions to perform any exploratory effort that will be centered on that area.
What should one then believe? It seems to hint that regardless of the previously released geological estimates and management statement last year, that any extension of the existing workings is not going to pay off verses exploration and development cost.
Next move is Unico's new exploration program because as I see it, they have a very fine mill with no mineral project. This puts Unico in the position of having to do continued fundraising even after the mill is completed.
Since they have just hired a new geologist, I am going to say next season.
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