qmc objectives

From the imminent production section on QMC web site.

I assume the wording "by 2012" means by "the year 2012" and that gold production should have commenced by now (2012)

Otherwise the correct wording should have been "in 2012" or "at the end of 2012"

So, can i assume this objective is not complete ????

Howard, do you have an update/correction on this objective completion date?


OBJECTIVES

To become a copper producer in its own right by 2013.

To become a gold producer by 2012.


STRATEGY


Leverage off previous mining operations and related exploration
databases, well established regional infrastructure and third party
spare processing capacity with four areas of focus:

1. White Range Project - Copper: Develop Copper cathode
metal and Cobalt production from treatment of oxide ore, 15ktpa to 20ktpa Cu.

2. Gilded Rose and Mt Freda - Gold: establish JORC resource position and reopen previous gold operations - CIL and heap leach.

3. Flamingo, Jessievale, Mt Morris and Evening Star - Copper: Further develop sulphide targets - suitable for production of Cu concentrate for smelter feed. Investigate ore feed or toll- treatment arrangements with third parties, minimal cap-ex.

4. Regional - copper, cobalt, molybdenum and gold. Investigate drill ready targets with strong mineralization potential

ALLIANCES
Seek exploration and development partners to accelerate progress.