SMM 0.00% 0.3¢ somerset minerals limited

brr announcement what did it contain folks, page-13

  1. 2,661 Posts.
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    inhindsignt

    If you listened to the BRR it appears that they will not be annoucing the drilling results at regular interviews. He wouldn't even state how long the drilling would go on for, looks like it will be for rest of 08 & 09.

    This is extracted from the BBY analysis


    Further delays are not expected
    TMR management have
    advised that no further
    delays are likely during
    the current ramp-up
    phase


    TMR currently expect Cinabrio to reach target output of 3000tpd by April 2008. We take a slightly more conservative approach, whereby full mine output is achieved during July 2008 after a period
    of increasing production


    TMR say by April 2008...BBY say by July 2008. This company had lost all credibility, I wouldn't believe anything they say anymore. The market will crucify this if that april 08 projected date is not realised.

 
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