Poochera site visit by Chinese Kaolin Processo Representatives :
"The objective was to observe the potential mine location and understand the transportation operations in the area".
also visited,
"port facility at Lucky Bay owned by T-Ports P/L, which is nearing completion and under consideration for shipment of Kaolin product by ADN".
So keeping our feet on the ground and estimating stage 1 commencement :
- a port has to be ready.
- transportation with suitable roads from mine to port have to be in place.
- all government applications passed.
- the mine with contracted operators organised.
The scoping study has now been extended into the next quarter and the above points are basically unknown with no indications from the company on time frames to when first shipment and income might begin. [cant really expect anything to specific at this point, but never the less]
12-18 months is probably a reasonable expectation but from experience things can often drag on but at the same time depending on such things as management performance and actual urgency of demand from buyers etc things can be hurried up.
The point being, taking everything into account, when will DSO commence ?
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