CJO 0.00% 13.0¢ cerro resources nl

news time frame?

  1. 35 Posts.
    This is what I hear from talking to insiders

    - Namiquipa drilling updates in next 2 weeks. 2ng rig added will generate faster results. Approx. 6 week turnaround. Drill cores go to Vancouver, Canada for assaying.

    - Cerro mining BFS to be completed by year end. I don't believe this personally since they have never met a deadline yet? Once complete it is offered to Goldcorp for decision on continuing joint venture. My guess is GG is out which dilutes GG down to 10% partner. Returned as royalty on mining revenue. My guess is Q1 2012 for BFS completion + Mine construction to begin.

    - Rumor has it bank financing is well in hand. No surprise here due to the very attractive free cash flows generated in the feasibility study.
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