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Re: jt6455 post# 18061

Friday, 03/30/2012 12:32:32 PM

Friday, March 30, 2012 12:32:32 PM

Post# of 24337
jt-

I disagree with your assessment of time line to production. They are far closer than 1-2 years. They have all their permits, have ordered all processing equipment that they need (mostly just upgrades in capacity over previous equipment), and have been doing preliminary construction work to prepare for the arrival of the new equipment. This isn't just window dressing- I've been to the mine site fairly recently, and it's busy.

The mine plan is complete- they have blocked out the ore, and will be hiring production personnel over the next two months. They have a very low stripping ratio (less than 1:1), so there isn't a ton of dirt to clear before getting to the ore.

I believe that it is going to creep up on a lot of people- they are so used to the slow plodding of exploration and waiting for permits that has admittedly taken years, that all of a sudden, this will be a producing miner and it will feel like it happened lightning quick.

What does that mean for share price? I have no idea! lol.... I've been surprised before, and so I'll save the predictions and just watch.
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