Medoro - Part 2

A blog, is a blog, is a blog. I made a post last night on Medoro and then had a discussion with TradingChief on the company. At the end of the post, I said "am I missing something"? Well, turns out the answer was a big YES.
I'll try to summarize as briefly as possible.
In March, 2010 they released a 265 page 43-101 report. It's huge!
http://www.medororesources.com/site/ywd_medororesources/assets/pdf/Marmato_Project__NI_43-101_Technical_Report_5_March_2010.pdf

• They have to accept responsibility and liability for both creeks that are already polluted from previous mines
• They're on the side of a very steep mountain and have to truck material to identified valley's for heap leach
• $90 million cost just to clear the area of people
• the land rights are composed of various claims (I think 275?) it's a nightmare reading through these
• it's very low grade but large tonnage
• heap leach uses tons of water
• There's rights to different levels on a claim, which had to be almalgamated into 1 claim and there's 100's of them. (the claim is not just surface, but by depth)

There were more comments, but in a nutshell it's a very complicated project and warrants caution.
Technically, the chart looks like it could move up here, but with price of gold dropping I'd be careful with this one.

So there you have it. I've learned an important lesson through this exercise..things aren't always what they seem and will definitely take a bit more time to do a more thorough research.