Highbank Resources Ltd. (HBK)

[EconomicPuzzles]

ANOTHER DELAY AS ANTICIPATED !!!!

3 and 4 . Weather related = Mudslide = slippery when wet . Technical difficulties = wasn't easy getting the plant up that slope due to slippery conditions caused by extreme weather , took time(delay) and an unforeseen increase in expenditures .

"The task of moving the plant from sea level up 200 feet through three switchbacks was a difficult move "

"Victor Bryant comments…"At this juncture I would like to apologize on behalf of myself, the management, contractors and employees for the delay in the SPN production timetable. Extreme weather conditions directly impacted our proposed plans, both in the removal of the overburden and the installation of key equipment."

I said an unforeseen increase in expenditures , However, we on this thread anticipated technical difficulties could be a possibility . Extreme precipitation during this seasonal period is not a surprise . Always expect projects to take more time and to cost more money .