Ann: Development Progress - Lindi Jumbo Mine, page-3779

He Managed to achieve a high rating as well for BS…and then we had spid81 who managed to invest in MRC at 14 cents and back to 2.1 cents now…drama

Lindi has first mover advantage and fully debt funded with plenty of cash reserves…US$3.5 million just from full drawdown of the US$20 million facility…

Gemcorp gave no reason to not withhold on final funds…First revenue expected in April from the processing.

Already so company is mining fresh material from surface. The project model is based on blending where the 19,000 ton stock pile is also being blended as the material is not ideal as what’s available due to the TFS being built…That stockpile is free dig and being blended with higher grade/quality material…

It sucks for some that Lindi has achieved first move advantage and now with at revenue stage…Rampup over the next few months where 2 tons hour for a 24 hour shift would give tremendous appeal in early rampup…US$300t per week nothing to be sneezing at…



Regards Croc (Wet commissioning has now began…)