re: glug glug glug I too will hold. 2nd quarter activities and cashflow updates should be on or around 31st January.
This is all happening now:
-First gold poured.
-First class management team recruited.
-Commissioning of full gravity circuit underway. (finished?)
-Additional milling capacity to be installed. (finished?)
-Flotation circuit to be installed. (installed?)
-Terterasar Underground Mine production underway and
increasing. (full steam?)
-Lichkvaz-Tey Level 24 Underground Mine has commenced mining ore.
-Open cut mining has commenced at Lichkvaz-Tey Deposit.
-Additional underground mine to be commenced at the
Lichkvaz-Tey Deposit (started?)
This is what may be happening, has happend, or is meant to happen soon?
- Study into mechanised mining commenced. (finished?)
-Commenced design and test work of a CIL plant. (finished?)
-Early test work indicates that +97% of gold reports to
cyanide (Results of further tests ?)
-Site selection finalised.
-New land acquisition has commenced. (+they bought out Global Gold's stake increasing their share of Lichkvaz to 100%!!!!)
-Hydrological study commenced. (finished?)
-Targeting future production of 100,000 to 150,000 ounces per annum. (how many oz produced in just under 2 months?????? THAT is what makes this f##ked up market wake up - say a moderate estimate is 8000oz in the time since they started?? That is millions of $ in revenue that the comany didn't have 2 months ago when the shares were almost double what they are today)
Is this a cheap stock? YES - Is this possibly the best buy on the market at these levels? - YES and much higher levels. These times won't last long. The market WILL judge this company on its earnings , and the speculators and day traders will be paying a shi$load more for it all the way up.
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iberian 150000 oz producer, page-26
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