At this rate the SP would be around 4.60 if we reach 1700 gold price levels. At the very least metal prices has surpassed the stabilization stage and it is in the beginning stage of a bull run. I feel this run has legs. Hedge funds are betting more on gold and silver more than they have in the last 6 months. Additionally, short contracts have fallen for the second straight week and to the lowest levels since the beginning of the year.
Going forward fundamentally we will gain options in particular at EG2 if this bull run continues. The milling option is more expensive but if the economics indicates its a better way to go and it is affordable , I think certain EG2 will go back being a mill processing mine, especially when they have already have invested a lot of effort on being a mill and it is a quicker option in obtaining a permit.
Just for fun, 4.00 by December with 5.00 being a possibility.
Other then reporting on producing copper cathode I think the PEA will report a new parallel trend. This years drilling was unlike others in that they are drilling much deeper.. previously there was only shallow drilling, I'm almost certain this effort will expand the deposit even further. Personally I don't want them selling Los Azules until all exploration has been exhausted and we can get it to a PFS, then we are talking some serious value and start talking about getting a premium for the deposit rather then trying to sell at a discount.