Sunday, November 06, 2011 1:13:02 AM
They will commence construction on private property when the final pending permit is approved. Most of the equipment is pre-tested and assembled so construction time should be minimal, but freezing temperatures will potentially block the construction of the pad lining, which will delay production until spring. I live in Northern Alberta and we are still trenching and digging with ease, so I cant imagine Nevada is frozen yet, and this winter so far is mild. So there is potential for a pleasant surprise, but realistically it seems a bit remote for this winter.
Many mines are in construction for years. Here it is hopefully just a few weeks, but could easily be a lot longer, a couple months, who knows? Then after all of that you get to the actual mining process: the blasting, hauling, grinding, stacking, and finally leaching. The leach process takes a month for the preg solution to accumulate iirc.
The permit is still probably least 30 days out, as no notice has been posted. So it looks to me like the pour will be at the end of Q1 Q2 start.
The reaping time for this stock is still at least a couple years in the future. Sometimes I feel like patience is an incredibly rare trait. People will probably be disappointed at the dore pour price as well, it is a milestone and very important but who knows the markets immediate reaction? The real gains will be from producing profitably and sustainably for years, with expanding low cost production, opening multiple mines, paying out a dividend, by accumulating a truly massive resource package with bonanza highlights, and not selling out until gold and silver smash all inflation adjusted highs to bits.
Many mines are in construction for years. Here it is hopefully just a few weeks, but could easily be a lot longer, a couple months, who knows? Then after all of that you get to the actual mining process: the blasting, hauling, grinding, stacking, and finally leaching. The leach process takes a month for the preg solution to accumulate iirc.
The permit is still probably least 30 days out, as no notice has been posted. So it looks to me like the pour will be at the end of Q1 Q2 start.
The reaping time for this stock is still at least a couple years in the future. Sometimes I feel like patience is an incredibly rare trait. People will probably be disappointed at the dore pour price as well, it is a milestone and very important but who knows the markets immediate reaction? The real gains will be from producing profitably and sustainably for years, with expanding low cost production, opening multiple mines, paying out a dividend, by accumulating a truly massive resource package with bonanza highlights, and not selling out until gold and silver smash all inflation adjusted highs to bits.
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