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Re: A deleted message

Monday, 08/12/2013 5:23:57 PM

Monday, August 12, 2013 5:23:57 PM

Post# of 26631
Since you ask about Heap Leach, LP an Portugal.

The heap leach on the photos (250,000 tons) in the IBOX is almost ready to produce. The production should start around October.

They are planning a new much larger heap Leach that would hold 5,000,000 tons and produce 35,000 oz a year. They have the space allocated for it and construction should take about a year and $10M.

This is part of the $200M or so they will need of Capex over the next 3 years.

I covered Portugal in a previous post. I can repost if you cannot find it.

LP ramp is progressing and they started procuring the equipment for the dewatering.

Ask and you shall receive smile

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