mineral hill operations update, page-11

I think the late project is a little harsh in the current environment. Majors are scrapping projects (Olympic Dam), pushing them back (OT, etc) and selling them off (AQG with Frog's Leg). KBL is a small miner that has a pretty impressive job of getting a project into production, albeit with difficulties - but no different to peers like SQR, HGO and CCU.

It appears that mine-specific problems aside, which according to the quarterly are starting to be left behind, most of the problems with capital raising and project timetables/costs are industry rather than company specific.

If you want to point the blame at anyone for timetable overruns point at the government. Reading the older literature for KBL, they've been waiting a long time for government approvals for both Pearse and Sorby Hills. Yes, approvals for Pearse came in last year, but the capital markets were a lot worse last year than the year before.

Just saying Bowie. Facts and rumours aside.