Friday, July 06, 2012 1:26:47 PM
Maybe I'm being too much of a pessimist, can't blame anyone for accusing me of this, but aside from management not delivering on their suggested goals, the only real concern I have with this play is the water supply.
I can see Kemetco producing EMD/LMD with their process only because it's been done before, so they shouldn't have a problem. Only wish they had higher grades to work with because that would make things better on both margins and CAPEX, IMO.
But the water is a concern because without enough of it, the hydrometallurgical process cannot move forward IMO.
If they can procure adequate water supply, then even with this management, I think they have a much better chance of succeeding. But without water, I don't see a bright future ahead. JMO
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