Disclaimer: This is not meant to be negative post
When we visited the mill, my impression was "wow" that's a lot of huge moving parts! I didn't think about it at the time because I was a little aw struck (I had never seen a ball mill or anything like it) but, with complicated projects (60M) comes complications and delays.
I was in business consulting for 8 years (some of that programming) and no matter your level of experience or preparation, there are ALWAYS road blocks that hinder delivering on time. What sucks about consulting is that you literally work around the clock to deliver on time, because your reputation is based on it.
My point...finally! Help me finish this list people (cut and paste into a new post and add what I missed so we eventually end up with a full list). The point of this exercise is not to call out the company for delayed delivery of positive cash flows, but try to put in perspective the reasons for the delays and help us gain a better understanding of what has and has not been in CPRK's control. I am not numbering these because they will not be sequential. If anyone knows the approximate or exact dates, please add. I will start from the time I visited the mill.
- 11/08 - Continued delays around getting consistent power from Rock Mountain
- 11/08 - Electricians underestimated the time to wire up the mill, causing delays
- 11/08 - Problems with Toshiba and their equipment
- 11/08 - I remember being told there was a part specifically manufactured for the mill incorrectly and they had to send it back and wait for the manufacturer to rebuild. I can't remember if this was a Toshiba issue or not, but this one was causing frustration during our mill visit
- Winter time conditions cause delays
- Glitches in the concentrate process causes concentrate spills, shutting down the mill for X number of days each time
Ok, so the list didn't turn out quite as I had imagined, but it's a start. Please, someone who has factual dates and more knowledge of the problems than I, help strengthen this list of issues. Feel free to rewrite the list in a more concise, factual way. I was just trying to get one started.
Hope this helps and can stay constructive!
AI
