Agree, MACA contract was a huge dud.
On a positive note...
Dec quarter was fantastic result producing 43k gold ounces
Decision been made spend $110K USD to tweak the liquid oxygen supply system
Recoveries in December hit 90% for the first time in 2018. Appropriate blending should achieve 93% recovery
The new contractor is moving the dirt per agreed plan / something MACA failed to do
Look forward to seeing significantly lower C1 costs, come through at the end on Jan 2019
What is missing....
When will we get an update on the VAT credit which is due of $18M USD?
When will the plant move from 8MW to 12MW grid power?
Is there a plan to sue the Project Contractor, who is alleged to have failed to carry out their responsibilities?
