A lot of attention is being paid to Lamaque and rightly so. Now we need to see how PERU is doing. PK has put a April 17th deadline on this "comprehensive update". Lets see if we get the NI 43-101 from SJ and updates on RdeB, Shahuindo. Poderosa would be nice too.
Century announced today that the Company will provide a comprehensive update on operations in Peru concurrent with the announcement of the NI 43-101 technical report for the San Juan Gold Mine, which is expected on or before April 17. Century is currently renegotiating certain key contracts in Peru, including the purchase terms for both Rosario de Belen and Shahuindo. No immediate payments are anticipated to the sellers. Century will provide further details when the negotiations are concluded.
My first post. Looking forward to the constructive debate on CMM's chances and PK's future. Layout and topics look great. All the Best! rhump
2 comments:
Hey rhump, welcome to the blog. I (personally) encourage other people to post and comment also – the blog belongs to its contributors and readers so it will basically be whatever we want it to be.
My near-term wish list for Peru:
1) Quick sign-off to defer Rosario and Algamarca payments into 2009
2) 43-101, with at least 800,000 total ounces of gold in ground at SJ (this would bring our 43-101 company overall ounces to at least 5.4M)
3) Show plans to ramp up to at least 350 tpd near-term at SJ (this s/b worth 20–21.5K production run rate ounces, depending on average grade), and also show plans (albeit, slightly longer term plans) to ramp up to 700 tpd, pending debt financing later in 2008 (this s/b worth 35-40K production run rate ounces, depending on average grade)
4) Show plans to continue exploration efforts on SJ, and initiate exploration efforts on Rosario, pending availability of the debt financing package later in 2008.
Production05
Hi P-5
No doubt these are very key points in the well being of the company and of PK's survival within CMM. Do you think that the obvious WEGA selling is to intimidate PK and gather support from other investors to oust her? That is the way I am starting to feel. IMO, WEGA is targeting Shahuindo and is playing both sides, CMM and SUE. What do you think?
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