Guess what? A quarterly update is due on 31/01/08 - which is tomorrow.
During the Quarter the Company has made significant progress in its due diligence efforts over the last three months. Specifically the following have been achieved: - ♦ Located, purchased and catalogued a significant volume of technical reports and plans. ♦ Held important discussions with former senior staff of RB Mining, the previous mine operator. ♦ Carried out preliminary metallurgical testwork on the tailings, which indicated reasonable metallurgical recoveries. ♦ Collected a further sample of tailings for a second phase of testwork. ♦ Performed a preliminary evaluation of the remaining diamond drill core at Mt Carbine. ♦ Finalised a valuation on the plant and equipment involved with the quarrying and contracting businesses. ♦ Involved consultants to review the quarrying and contracting businesses. ♦ Engaged metallurgical, mining and geological consultants to review the data on Mt Carbine. ♦ Continued with discussions with potential Chinese investors. ♦ Engaged in financing discussions with the Company’s bank.
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
