thought we had 12 months ..., page-20

Folks, my notes from a phone conversation with the company sec this morning:

They hope to get to nameplate production this month.
The forecast Development expenditure of $7.5M for the current quarter was for mine development (overburden removal), the tailings dam lift & some ‘minor residual work’ (which includes the 2nd retort as he said this was only several hundred thousand dollars).
Infill drilling has revealed some parts of the mine to have higher grades than expected, some lower. They are preparing modifications to the mining plan to optimize pit design and reduce costs (hence the mine development costs).
Did not expect to require another capital raising unless there were unforeseen incidents/issues/problems.