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Ann: Dragon Mining updates Ore Reserves for Nordic projects, page-3

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23/02/18

20:49

Post #: 31303867
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Originally posted by miningnut ↑

So good news with the Finland mines as their mine lives have been extendednd we should have two mines there operating until Faboliden commences under the Full Mining permit..
But the timeline for Faboliden doesn't look great and those men working at Svartliden probably already realise that their jobs are going to disappear for the next 15 months as it would appear the Test Mining period will run for nine months from 1Jun19 to 29Feb20 and then the mine will stop producing for five months until 1Aug20 when the Full Mining Permit will be in operation. It really is a crazy set-up that has been created - how can any business operate like that? How can any employee stop and start, stop again and then resume again?
No idea what this will do to our HK listing chances. I suppose we have to wait for the HK committee to decide before we're told.

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Hi Miningnut- this is in normal sense a very good announcement- mining in the Nordic area until 2024 and potentially beyond-
increased joksivu mine by 4 years and potentially beyond
I note there has been nil mining at Kappinulka and wonder whether there can be an upgrade on mine life to more than 1.5 years
in 2019 we will have 3 mines running- actually very exciting- this will be worth the wait

DRA Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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