Geiger its a fixed plant.
It has concrete footings,its all bolted onto poured plinths. The only upside is they dont have a Goldroom to relocate. 6 weeks...............youre joking.I reackon 2-3 months to relocate and recommision.This is an unmittigated disaster.How is a company that have become an Industry laughing stock going to get financial backing?
In Debt
Jorc ?????
Grade
Current ore body has months to exhaustion
Creditors???
Mill to relocate....production cessation
Brand A1 has been slaughtered...money from where?
What would you expect the cost of the relocation to be? This plant will cost big bucks to move and big bucks to upgrade. It is the wrong size plant for a low grade deposit. A lower grade deposit would need a plant possibly capable of 2.6 Mtpa to get some economies of scale into the operation. You need deep pockets for those games and you possibly need a lot more low grade than A1 have delineated.
Spare me the comparisons with Regis. Nick Georgetta
has never had to relocate a mill. GC the issues at A1 Minerals go well beyond shareholder communication and disclosure.
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Geiger its a fixed plant.It has concrete footings,its all bolted...
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