Clearly a history of broken promises and capital raisings. No closer to production than in 2011 when production at that tme was said to be only 18 month away. Some of the promises include:
In Oct 2011 - • The Directors are currently planning operations with a target of moving from Explorer to Producer in 18 months
• 2012 - 25,000 oz gold • 2013 - 50,000 oz gold / 1 Moz silver • 2014 - 75,000oz gold / 1+ Moz silver - zinc/silver/lead concentrate
In Dec 2012 - Progressive results from recent drilling of new gold zones at Nimbus, have emphasized the requirement to bring forward the gravity gold/silver circuit to be ready at commissioning to recover free gold and silver. The expansion of the plant circuit will allow for commissioning to occur in the first half of 2014.
On 9th Sept 2013 - In 2014 the following was supposed to occur -
Delivery of Merrill-Crowe Plant
Commence pre-strip and open pit mining
Complete IWL and TSF3 construction
Commissioning of Gravity and M-C Plant - in 2nd half 2014.
MRP Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
