Tuesday, June 16, 2015 1:13:40 PM
Today’s Press Release from URHG is right in line with the June 10th PR. It means the previously announced Phase 1 retrofitted circuit is now set up. So we can expect that (after the tests and calibration are complete), the circuit should be operating at 50% efficiency.
Then, according to the June 10th PR, once Phase 2 takes place, this first circuit’s recovery rate should improve by 20%-50%.
Some time after that they will plan for a 2nd circuit to be added to the property, which would mean two circuits processing Dun Glen ore and thus double Dun Glen’s production. The mention of new water sources is something I don't recall seeing in any prior PRs, so that sounds like very good news.
These PRs give me the impression that a solid plan with tangible benchmarks is in place, which increases my confidence in the company and its prospects.
- TTH
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM