MCO 0.00% 11.0¢ morning star gold n.l.

=australia's most prolific gold mines in 1940, page-22

  1. 528 Posts.
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    History tells us that 12 months ago the planning for MCO to come of age was underway.

    Gekko plant was ordered and plans being drawn up for submission to DPIV. All to be up and running by July 2010.

    But, what we didn't know was that there was going to be some delays with those plans when they were submitted and I don't know for sure how long that delay was but am guessing that it was about 6 weeks.

    So, that put us back alittle bit.

    But, then it started to rain, and not just rain a little bit, it could almost be described as rain in biblical proportions, no respite for quite a while, so we got hammered back into our corner a little bit more. Not sure again exactly what this cost timewise but guess in the region of 8 weeks. Then chuck in the Chrissy New year period and you can write off another couple of weeks.

    Put it all together for unforeseen delays of about 4 months. If we could take that all away from where we are now then the original plan wouldn't actually be that far off track.

    Not long to wait now.

    BofB

 
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