I really do like this stock although it has now become a long term investment for me. I think David is doing a great job at the moment. However after reading through every announcement i have found possible problem. After being shot down in flames for incorrect information previously i being extra cautious. Please correct me if i am wrong!
The plant expansion is going to take us to 100tph which under the current licence could be a problem. I asked my DD persons to verify for me. It is understood that the licence is for 50,000 tonnes of ore, which would over a 24hr period would process 2400 tonnes of ore 50,000 / 2400 = 20.833 days of production. Is this licence renewable? I so how long does it take to renew? If not how long will it take CDG to obtain a full mining licence? Will this result in further down time?
These are serious questions that my DD personnel have thrown back at me.
Regards
Mining licence
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