GXY galaxy resources limited

IMO Production will commence much earlier then expected due to a...

  1. 1,367 Posts.
    IMO Production will commence much earlier then expected due to a number of factors:

    1. Low Capex Required
    2. Open Pitt mining method used as it's close to surface.
    3. GXY will be producing a concentrate unlike ADY for example, more time saved.
    4. BFS should only take 3 months as it’s really just a formality.
    5. Mill / Plant construction effectively 6-12 months as it's not a complex operation.

    So IMO production looks set to commence 1st or 2nd quarter 2009, which seems a realistic target date, what do you think Trudy???
 
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