So is this announcement really saying that there will be no...

So is this announcement really saying that there will be no production in the first quarter and money is getting churned up at a pretty serious rate?

I'm assuming once production starts there will always be a few hickups before full production is realised. This process doesn't always go to plan and if it's 6 months or so till break even they may need more money?

Hold VRE who have had some real problems in getting their mine on track (2 capital raisings) hence the query.