Like Mexico, like the chart, but LRR needs additional positive drill results, best I can determine LRR has about 700K ounces at Ixhuatan/Campamento and needs to prove up 1M ounces for viable project -- would have a great IRR given high grade thus far and near surface gold/open pit mining.
All the research reports here: http://members.shaw.ca/dsk.consulting/lgc/ extrapolated the existing holes to get their 1+M ounces. Most recent holes were not as high grade thus I estimate about 700K ounces proved up thus far at Ixhuatan/Campamento. Resource estimate should be completed by year end -- LRR has 6 drill rigs on site so we should know very soon whether 1M ounces is achievable.
This week's letter comes to us from my friend Barry Ritholtz, Chief Market Strategist of the Maxim Group and a frequent guest on CNBC and Fox. I have been reading his commentary for several years and he now keeps a Blog called The Big Picture.
The following is a combination of two commentaries about government economic numbers. It is hard to rely on statistical numbers if the government periodically decides to change how they are calculated and Barry takes a look at several statistics. Plus he shows how data can be graphically presented to make the same numbers look completely different, one way positive and the other negative. This is certainly Outside the Box material I hope you enjoy.
Market Data 
Markets 
AI
