Tuesday, September 02, 2014 9:50:16 PM
So targets as I understand it:
43-101 updated and upgraded to indicated to show a 30? year mine from phase 1 drilling in about 1 month - maybe sooner. The deposit and potential mine life will actually be much larger but this is all we need for now.
Economic process flow sheet in about the same time frame.
Additional funding secured for $5 to $10MM via equity.
Pilot plant constructed and showing positive results in Q4.
Full feasibility study done Q1 2015 (let's say Q2).
Funding arranged for mine development and permitting started etc. In 2015.
Once permitting (I understand this will be not over difficult with the underground mine and Mr. Smith's plan to use dry stack tailings - as he said in Nebraska,the tremendous local support, the fact that it is on private land, etc) is granted construction begins.
It's an extraordinarily fast and ambitious track. A lot of ground work has been done and they are moving on multiple fronts.
Personally, I feel a buy out is very likely somewhere along that line if things keep unfolding positively.
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