MNB 1.85% 5.5¢ minbos resources limited

Ann: Minbos launches P4 concept study, page-261

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    Clearly the existing contractor was spinning their wheels for some time before MNB terminated them. Then they have to change over which involves a period of commercial negotiation and due diligence. So by the time it was announced we had probably lost three months and then there was a three month period for the new design team to get up to speed and get moving. So the total that is lost is six months in my estimation. What is disappointing is that they did not get a project manager on from the start and also that they never provided an real explanation of what occurred or the impact, so we are left to estimate it ourselves. I said straight away it would now be Q3 next year. I might do some research on the project manager as I see them as key to the success of the Project.
 
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