rwd holding, page-15

One thing that does pixx me of a bit about MR is that when his timetables slip he never offers up any reasons.
This from the last 1/4ly.
....During the September quarter, the Company completed the laboratory phase testwork and commenced
construction of a pilot plant to proceed to the next phase of the project.
The laboratory studies confirmed gold recoveries of ca 90% from the calcine material hence the decision to scale
up the testwork. The pilot plant is expected to be operational by the end of October 2011.....

So MR feels no obligation to refer to the fact that the pilot should now be completed and offers no explanation.
I am a fan but it is not often a fully informed fan