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sutra

05/09/11 10:43 AM

#44137 RE: lzlp9 #44135

sure would like to hear from the company
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JohnCM

05/09/11 10:45 AM

#44138 RE: lzlp9 #44135

Push the reset button. Disregard all previous PR's from company. Time to start with a clean slate of expectations. Let's see how this plays out. First thing we need to do is TRY to build a base here at 0.008. We have attempted this before but the runnup to 0.028 was so fast the ground underneath was quicksand, not iron ore bedrock. One day at a time. A green day would be a good place to start.
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microcaps1

05/09/11 4:30 PM

#44243 RE: lzlp9 #44135

As the Apr 5 PR and subsequent blogs noted,after the Kriton left they wanted to catch up on the consolidation and processing of the 1-3mm ore while they simultaneously excavate,crush and process more 3-18 mm.
So they are building and processing 2 separate products for 2 contracts.
The estimated production of ca 30k tons/month 3-18 mm ore could fill a Kriton in 40 days. Which will be rising as they add additional equipment.
Don't know how much 1-3mm ore is available but the decision to consolidate and process it could mean they are approaching shipsize for it also.
The point is they simultaneously have 2 products growing in size in prep for shipping,not counting the waist green product and the mostly human interest copper.
So these products could possibly be ready to ship within a short time of each other.