For those who think Construction news a delay I would suggest studying the Time + Production + Construction +security + Training + Workers + Safety + Compliance + Headframes + Mining Steps and in my opinion you will see this as much more meaningful then just announcing Production. This means Capital; Labor and Swet !!!
There is a reason this is Price Sensitive!!!
Why is this Price Sensitive? If I was Marketing this completion phase of construction I would also give myself some wiggle room because Investors who think Mining is set like a egg timer become emotional at change.
In my opinion this is not changing the egg timer this is actually reality not just a promise and it is meaningful because of dirt under the fingernails!
Maybe I am 100% Wrong !!!
The miners I know would all see this as marketing priming the pump for production as well as giving a nod to the market saying hey " We are working here!!! "
I think news like this is more exciting then Production announcements this is them admitting to the Market " Hey Guys !!! The Cake is almost ready !!! "
Any miners on here agree this is much more concrete data?
Kind Regards
DYOR !!!
MRF Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held
HotCopper & The Market Online will be live From the Floor at the Mining News Select Conference and we want to bring the voice of our online audience to the show with us.