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5,939 Posts.
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28/02/13
13:41
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Let me help out here.
Four Mile was always going to go through a pilot program, start up plan, trial leach program. Whatever you want to call it.
Here is a quality Honeymoon PDF that will explain what is undoubtedly going on with our investment atm.
http://www.epa.sa.gov.au/xstd_files/Radiation/Report/honeymoon_application.pdf
Now consider this. In this document Honeymoon are anticipating mining 2,400 tonnes of yellowcake over a period of seven years.
Alliance is targeting over 50,000 tonnes of yellowcake at Four Mile.
Permitting takes quite a bit of work.
I think the wait will be worth it.
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