I don’t see this in the presentation. The ruby JORC is planned for sometime in the next 18 months. Based on how long it took GEM I think it will be towards the end of 2018.
18 MONTH STRATEGIC OBJECTIVES
- Host a strong maiden rough ruby tender 27 to 30 October 2017 to generate significant early cash flows
- Reinvest portion of maiden tender proceeds for low cost scale up of existing processing plant and set up an additional processing plant to achieve targeted 1 to 2 Mtpa processing capacity
- Rapidly grow ruby inventory from increased processing capacity to deliver at least two tenders in CY-2018 moving to minimum three per year from CY- 2019
- Establish a minimum 10 year JORC Compliant Resource through investing into aggressive auger drilling and pitting program post October 2017 tender
- Pursue opportunities to grow landholding in world class Montepuez gem field to >400sqkm from 193sqkm
- Increase economic interest in main existing projects
The graphite JORC which is simpler is described as Q4 2017 which means anytime now.
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I don’t see this in the presentation. The ruby JORC is planned...
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