The disaster at Pike River needs to have the GAG operation to be successful so that the mine can be re-entered and the remains of the miners found and retrieved.
Once that has been achieved then there will be a firm determination to seek answers to what caused the disaster.
The West Coast district is not unfamiliar with previous mining tragedies.
If it is at all possible there will be a determination to make the mine safe and to reopen the operation.
Sure the disaster will cast a great shadow over the operation. It will create a great financial hurdle to be overcome. But the ultimate prize is still there of a significant resource that can bring benefits to the local economy and to the company if it can possibly be brought back into production.
The answer to the future of the company probably lies some weeks away at the moment.
The focus presently must be on trying to make the mine safe in order to attempt the retrieval of the dead miners and returning them to their families.
PRC Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
