Ultimately, Sultan is targeting completion of all feasibility work on Monty by approximately mid-2012 with a view to commencing construction of a plant in the second half of 2012 and starting mining operations in 2013. The achievement of this target would represent only two years from Sultan acquiring the project right through to production, which underlines the importance that the Company places on this asset.
and
Sultan’s Managing Director, Mr Mike Ralston, said “The Company was confident that the Monty Project would form a cornerstone of its Resource Project Consolidation Strategy in the Balkans region, moving rapidly towards a mine development by 2013 and making a strong contribution to the Company’s earnings by 2014”.
SSC Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
