A colleague of mine emailed me an excerpt from a blurb from Casey Research about a visit to Mercer’s project by Loius James, Senior Metal Analyst at Casey Research
Casey's Investment Alert November 4, 2010
Casey Investment Alert # 402 – NFTF & a New Colombian Play: SWD Dear Subscribers, I have extensive notes from my trip to Colombia…
I also visited Mercer Gold’s (OTC.MRGP, US$.043, 68.6M SO, US$29.5M MCap) Guayabales project, located on the “other side of the mountain” from Medoro Resources’ (T.MRS) infamous Marmato project. Marmato has 9.7Moz 43-101-compliant gold at a 0.3 g/t cut-off…
Mercer’s Guayabales project could have the continuation of this same mineral trend, but almost no people on it – and management has a deal with the association formed between the few miners there are. They also have a large, low-grade subcrop exposed in a road cutting more than a kilometer long that hints at large size potential. Drills are turning now on the first targets for testing, with two holes completed. This is as good a drill play as any I’ve seen – all the signs look great –…
Sounds consistently positive, although a fairly sparce review,