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Osoman

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Osoman

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Wednesday, 10/02/2019 2:04:02 PM

Wednesday, October 02, 2019 2:04:02 PM

Post# of 10481
DEFINITIVE FEASIBILITY STUDY TO 40000 TONS GOOD LOOOOOONG TERM NEWS. MUCH MORE IMPORTANT IS THE ADDITIONAL COST AND... THE PUSH BACK OF START UP DATE. MORE DEBT(COMPOUNDING) AND LONGER TIME UNTIL THE OPPORTUNITY TO REPAY IT. A DEADLY COMBINATION FOR PAST VENTURES!! LET US NOT FORGET THAT THE CORPORATION IS BURNING ABOUT 8 MILS PER QUARTER INDEPENDENT OF THE COST OF THE PROJECT. I VIEW THIS ANNOUNCEMENT AS MASKING BAD NEWS. THEY HAVE DONE THIS IN THE PAST. I REMEMBER THE STAT UP DATE BEING "2019" FOLLOWED BY "SECOND HALF 2019" THAN "FOURTH QUARTER 2019" THAN "EARLY 2020"... ETC...ETC...ETC
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