Yep it all sounds great, and look we have seen this kind of thing before (I was on FMJ this year early and boy that ran from 20c to 3.90+ in about 1 month - if only I had held past $2...)
If the details are right (and they look to be accurate so far) this could be a world class silver deposit - it is what they are calling it in the announcements.
What gives though? For $12mill? If this comes out at anywhere near 70mill oz with low capital and cash costs and those sort of grades it would be worth $100's of millions right now.
CCU is about 50mill oz with very low costs and that is pushing up near $200mill MCap from memory.
At the end of the day it is not just grade but depth, infrastructure, taxes, political stability...
Hmm - I am looking forward to finding out more though
ROS Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
