GMM general mining corporation limited

I know. I'm guessing they don't hold much stock or interest in...

  1. 2,768 Posts.
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    I know. I'm guessing they don't hold much stock or interest in the actual company.

    (I'm not so hung up on exact days of announcements because I'm not a trader, they'll come in good time when things are achieved...)

    It's here in black and white. (Please notify me if anyone knows better, and the time-line has changed since announcement...). The only thing I would consider is if there is a load of pre-mined ore is just lying around before full mine production re-commences. You could argue the mine has not re-entered full production if that was the case, but the plant has to...

    Production being; an end-to-end process from the geo analysis, drill-blast, run-of-mine, crusher, to the product popping out the end of the plant process, as concentrate for export... then receipt of money for said product.

    http://www.asx.com.au/asxpdf/20160121/pdf/434hlv7w5f4v6j.pdf

    Page 1:

    2016 target production time-line:

    March 2016 - Fines Circuit Commissioning.
    June 2016 - Coarse Circuit Commissioning.
    July 2016 - First shipment of concentrate.
    Dec 2016 - Full optimisation.

    To me that looks like 2016 production occurring... not 2017
    Last edited by shades2: 27/02/16
 
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