Gold road has directors on the De grey board and they didnt have the expertise to build a 250-300 thousand ounce per year plant, . ( THIS IS INCORRECT ) !?!
Gold Road do not have directors on the De Grey Board !?!
BUT they have employed a ex BARRICK Peter Homles as Project Director !
"We are also building on the internal organisational capability of the company to execute the development of the project, and as part of that we employed a project director in February this year, Peter Holmes.
"Peter was previously the project construction director for Barrick in Canada, responsible for some large capital projects including the Dominican Republic's Pueblo Viejo gold mine, the fifth largest in the world which incorporates a pressure oxidation circuit which will also be used at Hemi," said Jardine.
But despite this important appointment, Jardine believes that De Grey has substantial internal capability compared to a few years ago. And all of this capability is directly targeted at the company being able to execute the project.
from memory HEMI is about 1/10th of the size Pueblo Viejo gold mine !?!
from memory he built Pueblo Viejo gold mine on time and on budget .
DEG Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
(20min delay)