development of mt peake, page-2

Hello used moggie, l together with all TNG shareholders most likely agree with your opening comment,
however we all need to take a deep breathe and await further announcements from the company or this may end up in a situation similar to the Essendon & Asada( to many opinions with no substance).We can all assume things however;
At this stage Finance hopefully at better than 20%,
1)At this stage no announcement has been made as to a delay in DFS, it is progressing as scheduled with Tony, TNG to will make announcement as to its progress and how it may effect the timetable,however announced at some earlier time due end of 2013,
2)Preliminary discussions with third parties regarding off take arrangements and finance includes the completion of DFS and agree this may take longer.this could be 1st quarter 2014
3)Agree but stage 2 will involve the magnetite concentrate going directly to TIVAN process for higher value, higher purity.
4)With staged development estimated to commence construction late 2014 2 years is an at best result and we shouldnt expect anything before this,
5)Financiers hopefully would take a longer term view and not be put off by Davis Samuel,
6)Yes it all depends on third party finance and this includes finance for the DFS.
Your concerns all very real as they are with all spec stocks, however here we have a situation with an explorer trying to get to production and as we all now this is by no means an easy task even for the best of operators\management.Your negavity as you say represents all our concerns and lm trying to view it as news becomes available,we need to be patient and expect that not much in terms of construction and production will occur prior to 2 years, ie this time 2015.
Again this is as i see it, best of luck to those that hold out till production.