"Dr Moriarty also indicated that Terramin would provide more information on the project economics before a decision to mine by WMZ, expected early 2011. Items of influence on the economics to be resolved include VAT, customs duties and land acquisition costs."
57 months disappointing no doubt. But perhaps just as concerning for the market was the lack of info on project economics?
So, from the quote above' is it the 'decision to mine' that's expected in 2011? Or just the 'info on the project economics'?? Or both? Looks like that's the next announcement to look forward to. Will be interesting to see if the price recovers over the rest of the day/week/year. Some strong numbers to support the project would certainly have helped reduce the panicked selloff that's occurring this morning.
I guess we just have to continue to wait patiently...
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