Ann: Quarterly Activities and Cash Flow Reports, page-31

Yes but that's their words after the fact obviously they saw the cost vs benefit not working out we never saw any of the financials there was people waiting to see stockpiles or ore going to toll and it became crickets. Something about machine availability being sub par etc.
Personally I think some of it would've been worry about if they get it wrong they can burn some serious cash quickly with no real large loans available to plug the gap. So that's why the EMI became too risky but that's just my opinion. Sounded good in theory but better to plan and get the finances in place for a sustained ramp up and here we are 15 months later!


In any event the EMI that fizzled out means they are at the rock face when they mobilise.