Axegun in a word NO! Under ground production ceased at Imperial mine August last year and imperial has been put on care and maintenance!!
The crew of 10 are refurbishing the Central decline and given the company is only on monthly payments from ELM my best guess would be at least 12months before gold production could commence ( If the gold is there as the company is hoping)
As there have been no further announcements in relation to bonds being issued the company is probably $30mill or so behind where they expected to be in funding at this stage IMHO. The next quarterly due end of this month may give some insight into what payments they have been receiving.
Do some research on ELM and its Director, some interesting reading to be had.
DYOR My thoughts and ramblings only
any chance of any gold being mined at present?, page-3
Add to My Watchlist
What is My Watchlist?
