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Friday, December 31, 2010 1:14:00 PM
The bold/underlined parts highlight the main points of interest...
As I suspected, plot C would see production first. And I do believe all those re-submitted filings (November 15th, 2010) were for a reason. At this point, I suspect it has to do with EMLL seeking the $2 million in financing from UniBank (Ghana).
http://www.otcmarkets.com/stock/EMLL/financials
It looks like they still have a couple filings to update, so I'd be on the lookout for those, as well as the assay results for the on-going geological surveys for plots A and B.
In any event, the geological mapping is 100% complete for both 100 acre plots (plots A and B) per the PRs below. Now, they're doing the geological surveys on plots A and B (which per the preveious PR was 50% and 10% complete, respectively). The October 13th PR distinguishes the two processes of geological mapping and surveying. While it doesn't appear CEO Khoo was able to pull off gold production by year's end, it does appear that he's making significant headway. Check out the bold and underlined parts below and you can see the timeline a lot clearer. Essentially, they had completed the MAPPING on plot A, and were beginning the SURVEY of A concurent with the MAPPING of B. Then they announced MAPPING was complete for BOTH A and B, and updated us on the Geo SURVEY progress for both A and B. Oh, and they also mentioned the acquisition of plot C and that all permits were already in place and we're about to begin mining plot C. So, And again, I don't think they re-submitted all those financials back on November 15th for nothing.
http://www.otcmarkets.com/stock/EMLL/financials
EMLL Acquires plot C...
Good luck to all EMLL investors,
~Biochemist2002
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