REZ 4.00% 2.6¢ resources & energy group limited

Ann: First Gold Pour Expected at East Menzies this Quarter, page-32

  1. 17 Posts.
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    some points regarding the announcement...
    i believe that pouring gold this quarter may be a little optimistic...

    final applications for work permits were only submitted on the 19th june, and should only be aproved about now, meaning they can only start turning dirt in july, leaving at most,10 weeks in the quarter to mine and treat 5,000 tonnes of material.

    unless they have pre-existing approval to construct a dam and set up plant, they are probably miles away from starting leaching or recovery of gold...they do falk about purchasing long lead items now (to get some idea of the scope of that, takea look at the plant design for cavalier's proposed "crawford" heap leach set up).


 
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