Excerpt from TRF's Quarterly: "Upon IronClad completing debt finance negotiations, Stage 1 mining will commence at Wilcherry Hill, approximately 40 km north of Kimba. Following the approval of the port development ore can now be stockpiled at Lucky Bay ready for transhipment by tug and barge to waiting offshore vessels."
Does this mean that negotiations are close to fruition, and does it also mean that ore will be mined and stockpiled at Lucky Bay even before the port facilities are constructed? I hope so on both counts.
Ann: Quarterly Cashflow Report , page-4
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