Gleichen Update
Much time has been spent getting the right team assembled and i believe they have acomplished that
The drills will soon be turning on the Morelos project 100% owned by Gleichen (soon to be Torex Resources). One drill will be deployed in a week or 10 days, with additional drills added ramping up to 4 for exploration at Morelos. Two more drills will be deployed to step out and define the existing El Limon deposit.
Torex is well funded and has enough cash on hand to take them through to a construction decision. At that point i believe the warrants will have been exercised giving the company another 78 million dollars. The decision is slated to be made Q3 11
Hold on to your shares!
This one is about to get interesting
