GUN gunson resources limited

hold fire

  1. 369 Posts.
    I tried to post this on the holdfire thread the other day but suffered a Micrsoft Moment.

    Thanks Zurich.

    Anybody care to give me a heads-up on delays and over-runs at the Coburn sands project?

    No company announcements since the August release of:
    ************************************
    HIGHLIGHTS
    • Experienced mineral sands executive Patrick x,
    currently General Manger – Operations for the Rio Tinto Fort
    Dauphin mineral sand development project in Madagascar,
    recruited as a full time consultant to advise on the
    development of the Coburn Project, effective mid September
    2006.
    • Approvals process moving forward with full permitting targeted
    for mid November 2006.
    • Definitive Feasibility Study (DFS) approximately 80%
    complete, the target for completion being the end of
    September 2006.
    • Well respected contract miner JMS Engineering mandated to
    finalise a definitive mining plan by mid September, in time for
    inclusion in the DFS.
    • Completion of offtake contracts and financing arrangements
    being targeted to coincide with the receipt of final approvals so
    that construction work can begin immediately afterwards.

    ***********************************

    From that, the Definitive Feasibility Plan and the Definitive Mining Plan should be both be completed. I guess no announcements mean they aren't. Other posts say that the federal approval has been granted.


    Thanks in advance for any feedback.
 
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