Romarco Minerals Inc fka TSX:R

[canucklehead80]

The Waiting Game
Romarco Has a Big Resource and Low Costs But Lacks a Federal Permit
By Kevin Michael Grace

When Resource Clips first featured Romarco in September 2010, President/CEO Diane Garrett told us the first gold pour from its Haile Gold Mine would be in “late 2012.” By August 2011, that date had been pushed back to “early 2014.” Now she aims for “4Q 2014 or 1Q 2015.” These delays are the result of the most powerful force in mining. More powerful than resource, grade, infrastructure, financing or the verdict of the market: government regulation.

The Haile Mine comprises 2,335 hectares located outside Kershaw, South Carolina, 40 miles southeast of Charlotte. According to a February 2012 43-101 estimate, it boasts measured and indicated resources of 71.2 million tonnes grading 1.77 grams per tonne for 4,040,000 ounces and an inferred resource of 20.1 million tonnes grading 1.24 g/t for 801,000 ounces.

Read more about Romarco and their South Carolina gold play. http://resourceclips.com/2012/07/31/the-waiting-game/