CJO 0.00% 13.0¢ cerro resources nl

The 200 million ounce porphyry silver Cerro Del Gallo (plus...

  1. 421 Posts.
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    The 200 million ounce porphyry silver Cerro Del Gallo (plus 1.4blb copper, and 4.5m oz gold) resource in Mexico is finally starting to come in to focus. Low grade but easy mined, minimum strip, and free milling Porphyry and feasability very likely to soon show a very low operating cost mine primed for development, especially if current $38 plus silver, and $1450 plus gold prevails.
    Its been a very long wait, and obviously was much too enthusiastic early on as post GFC trading has shown. But have managed to hang on throughout the long decline in sp and feel our time in the sun is now rapidly approaching.
    Once CJO press the Go button for this potentially very large Mexican mine development, even if they first start off with the smaller plan I believe this company will be re rated much further. Very strong probably big player buying is now occurring which to my mind shows things are now moving along nicely .
    After CJOs long period of dismal trading (ex KMN Kings Minerals) is still a very much under the radar asx explorer. Then there's the Kalman (high grade cu, moly and rhenium discovery south east of Mt Isa) surely to come back into play once the Mexico mine is all bedded down.
    Im a stayer at the moment anyway until development is underway.
    Good luck but do your own research.
 
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Currently unlisted public company.

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