From the report - seems they produced 500 tonnes of copper from a plant thats not ruuning to well in fairly quick time
Imagine would it could pump out if all was going well ?
5.1.5 Work in Progress
The directors reported work in progress as having a value of $344,122 as at the date
of appointment of Administrators. Whereas processing of ore had ceased at the
date of our appointment, the Administrators continued to process copper that was in
circuit (work in progress), a process that was completed by mid-February 2009,
resulting in a total of approximately 250 tonnes of copper cathode being held for
CMR and an equivalent quantum held for HAR under the terms of the Oxide JV. The
Receiver and Manager subsequently took control of the CMR stock.
Regards .....
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- 439a report
439a report, page-13
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