Ann: High Grade Results Continue at Oposura, page-70

OK , good work !

First I dug up that PEA again and find they're referring to a 1250 t/day mill not 125 as I have been saying and saw previously .
What I read before was a different document and I assume a typo !
Still , mea culpa !
Your 1,37o exceeds that a bit but that's relatively minor in the scale of things so we'll let that pass .

There is one absolutely huge assumption here I can't let pass !
The comment about mining costs being only a tenth of San Felipe !
Even under the best of circumstances that would not be the case .I don't believe I've ever seen that "range" in mining costs for economic mines !
But the FACT is at this stage we don't know mining costs !
Another FACT is,
there is, on average , a fair amount of overburden to shift per metre of ore at O
AND there are discontinuities so we know strip ratio won't be brilliant ....implications for mining costs !
It seems clear to me (opinion but experienced opinion) some of what will be part of resources here won't convert to reserves .
ie Uneconomic for mining
Have a look at Salpeties post ...and I quote ..."Do we have an an orebody at Ospura ?
I presume he means an economic one and as I read it by the end of the post he left the question hanging .

Now if you are going to take an optimistic view of O contrasting my pesemistic view that is your right but it would be good to recognise the point I make here as valid which it definitely is (Fact not opinion) because a lot unknown yet and can't be assumed ..particularly considering some recent drill results .

Just one more thing ...the dilution thing ...even if it is an economic project there will still be cap raisings and dilution approx doubling the share registry and that before any cashflow !
Is it worth it ...the dilution of upside at Alacran ??