Finally Management come to their senses and admits that Feasibility Study is delayed. Mineral reserves statement by early February and then 45 days to release Feasibility Study that lead into March end. Instead of Bankable Feasibility Study it’s now Feasibility Study, will it include financing strategies i highly doubt it as it seems only technical project assessment with basic project cost estimates. I believe we will not see financing strategies until May or June and then after any potential port agreement (if southern port authority finish they final plans for port Esperance. All together management has delayed project by at least 6-8 months. Hope they don’t ask for more pay rise and options for their screw up in near future.
MIO Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
