Letters:
Obvious was NOT Newmont interested. But Penoles now is all Fresnillo and awash in cash next month. Can’t hurt. 8
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On Tue, 9/23/14, > wrote:
Subject: Fwd: mexus today PS
To: crazydonconcepts Date: Tuesday, September 23, 2014, 1:30 PM
Forgot to mention: did you see that Newmont sold
some of it’s sonora properties to fresnillo? not sure
what if any bearing that might have on
Mexus….but….interesting development…specially if some
of those properties are contiguous with
mexus’….
I ask and he says none good enough to accept for the values involved or would be finished. I say “Still enough millions to buy on and be JV producer with Mexus in charge”? He says “Hasn’t changed since day one” . Last week was a plan gone over at SAC with Momo opening Julio 2 with shared permit to blast and draw flies to the honey may flow. Not spoken about the late week possible bidder. Content to sit on shares and let him move along best possible long as possible. “What will be will be” sang the blonde lady. Boo Birds and Skinny Crooner sang, “No I’d rather, rather have nothin’ at all”. 8
Hi 8,
Do you know if they plan on doing it as an underground operation still or would like to open up the pit? I recall 20 tons a day was what the skip could handle and somewhere from 0.5 opt to 6opt.
Thanks.
Announced drill program will define any future open pit and pad placement. Pit where there is and pads where there aint. Plan all along was ASAP operate shaft as known highest grades. It’s cleaned out and says needs just explosive permit and crew cleared foe safety underground. Any decent sized local miner can do on contract. Preference is integrate in larger plan but without partner to start with least shows determined ability to do things alone. 8