We should know soon the outcome of this tender. This leads us to my second favorite. The deposits are already equipped with a partially completed processing plant. The project is undergoing a feasibility study by Kilborn Pacific and the preliminaries should be out next month. Silver content is approximetely 60M ounces.
Additional work is planned in a newly discovered high-grade zone.
This could develop into an meaningful high-grade resource. Silver Standard also has a suite of 3 Mexican properties, the San Acacio, La Morelense and Acazaz and one Peruvian property, San Emilio which are at the early stage of exploration. The San Acacio has a drill-inferred resource of 14.4M ounces which need higher silver prices to be further developped. Exploration is on-going on the 3 other properties. As you can see, Silver Standard is also getting ready for higher silver prices and could become a larger producer than Pan American Silver if Lunnoe comes into production next year.