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Cerro Del Gallo - today and tommorrow

DISCUSSION STARTED BY: hunter49 - July 8th, 2008 - 9:29 AM

+115

A quick question in the most recent press release they state that:

The updated mineral resource estimate now contains 1.1 billion pounds of copper, 3.9 million ounces of gold, and 163 million ounces of silver in the Measured and Indicated Mineral Resources.

But in the company summary at the bottom of the news release they state that:

This work quickly identified several targets and has led to the delineation of a NI 43-101 Mineral Resource of 1.4 billion pounds of copper, 4.5 million ounces of gold, and 200 million ounces of silver.

Which is it??? This resource is quite amazing, I understand they are attempting to expand it and begin metalurgical work - with a $10 million dollar program,

how much $$$ does this company have in the bank - will they need another financing??

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4 points

BY: ulando - October 19th, 2009 - 9:28 AM

+124

Re: Cerro Del Gallo - today and tommorrow

Now the bid is 34. We are makin another move up by the look of things. The markets continue their rampage..

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0 points

BY: samson - October 18th, 2009 - 11:38 AM

+107

Re: Cerro Del Gallo - today and tommorrow

Some real bid support at 33 now. Light to 40 if some buying can come in away we go.

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0 points

BY: samson - October 15th, 2009 - 5:14 PM

+107

Re: Cerro Del Gallo - today and tommorrow

If every detail goes as planned that could happen.

I'd be luckier than I thought.

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0 points

BY: ulando - October 13th, 2009 - 2:18 PM

+124

Re: Cerro Del Gallo - today and tommorrow

This is a dream scenario! in A beautiful perfect world this will happen 1 thru 7 !

I know you don't have a crystal ball. If you did I'd be investing 50k tomorrow!!!! None the less I am convinced SNN is on track now.

thanks for your feedback

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0 points

BY: monaco - October 12th, 2009 - 6:23 PM

+162

Re: Cerro Del Gallo - today and tommorrow

I don't have a crystal ball, and in the junior world anything can happen. Just 4 fun!

1. December 2009 scoping study = Share price 50 cents

2. Jan 2010 $ 5 mil. Fund raising announced = 75 cents

3. July 2010 Bankable feasibilty announced = $ 1

4. October 2010 SNN raises $50 mil to build mine = $ 1.50

5. Dec 2010 Construction begins = $ 2

6. August 2011 Mining begins = $ 3

7. August 2013 Mine paid off. Dividend payouts start. SP = $ 5

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2 points

BY: ulando - October 12th, 2009 - 3:02 PM

+124

Re: Cerro Del Gallo - today and tommorrow

Monaco in terms of our evenutal rise in share value. How do you see it developing. A notice that a large investor is going to fork up the dough to take Cerro into production??

And then away we go?

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0 points

BY: ulando - October 11th, 2009 - 4:17 PM

+124

Re: Cerro Del Gallo - today and tommorrow

They are serious about mining once it gets the go ahead. Before that its a toss up

Things look good

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0 points

BY: monaco - October 11th, 2009 - 6:18 AM

+162

Re: Cerro Del Gallo - today and tommorrow

http://www.kingsminerals.com/Documents/091009_Investor%20Update%20Final....

Kings Minerals Investor Bulletin October 9.

SAN ANTON

Scoping study

Scoping study objectives will detail key business case data relevant to developing: • 4Mtpa, 8-10 year heap leach operation • 90-100,000 oz gold equivalent target output • probable capital and operating costs • targeted time frame for construction and production, as well as • future development opportunities for this large resource • completion by November 2009

Permitting.

* Environmental & Risk Assessments Started * Clear government guidelines * Recent experience with two other projects * Excellent community relationships * Strong local government support * Water permit in place

Locale

• Strong mining state • Established, clear mining legislation • Major cities within 2-3hrs • International airport < 1.5hrs • Major engineering facilities • Workforce centres 35-60mins • Power, water, sealed roads • Supportive community

Why heap leach?

• Significant gold resource at surface • Significant oxide material identified • Gold cyanidation recovery quite rapid • Simple process and development

Environmental

* Located on freehold land * Land is used for agriculture * Mining use takes precedence over any other surface use * Agreements with land owners * Main areas of land already purchased