don….
…saw your blogpost re caballo/timmins. yeah….waaay bigger and with more geological info. assuming it’s accurate, timmins has a decent idea of a minimum they’d be getting for their 25M in cash and stock, which is just not the case at sta. elena as of now. also….assume timmins will be exploring other parts of this vast acreage for further exploitable gold/silver…it’s indeed a huge tract.
still….8000 acres isn’t peanuts…and if pt is asking in the neighborhood of 7M for 49% for what for now seems like a similar-size deposit with easier processing, seems he’s offering a reasonable deal. and of course, i’m assuming that any deal will have “stepped contingencies”, such that deal would be voided in the event drilling does not corroborate what pt has stated is there. buyer will surely want those kinds of conditions in the deal….
anyway…guess we’ll soon find out. for today, a bit of selling pressure likely due to last-minute tax-loss selling…..
hopefully far better things ahead in 2015…