Executive Chairman, page-43

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aussieace2

143 Posts.

216

11/05/19

18:24

Post #: 38520699
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Originally posted by danebell: ↑

Yes good post aussieace. Unfortunately in addition they still haven’t got any mining contractors yet. I’m sure when one is finally chosen (I guess after each potential contractor visits the site and puts their reports in) we may have a contractor by years end. God knows why they could not have already done this. So when the mining plan comes to hand, the selected contractors will have their own plans as well. We than have to get the preparers of the mining plan and the mining contractors to get together to sort out the production mining plan T(or whatever you want to call it), presumably back at the mine site. When this plan is done and agreed upon by all parties they will then have a definite production mining plan(as above). Then when everyone is happy and the emus are flying we can finally dig some dirt. IMO we still have another 12 months, easy. BTW the mining contractor has to put his spin on the mining site as well as the machinery that has been ordered.
i do not wish to downramp but some of these things could of been done in the background imo.

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Mate, I totally agree and in a long winded kinda way that is what I am really trying to say overall. Why did it take so long to commence the block modelling? Surely, a lot of this planning work could have been started sometime within the last 2 years. They basically had all the facts of the 4 pits to be mined. The decision to mine Pits 1 and 2 first would have been the first thing you think they would have realised based on some elementary review of the total site's predicted yields. Cheers

BSR Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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