Don't think you will see a consistent 4 shipments until mid /late 2014.I suspect they don't have the ore
The ore was going to come from stage 4 and from highwall cutback of stages 2 and 3. I might go back to asking questions of PLV but for now I don't think they are anywhere near gaining ore from the highwall cutbacks.
There was some contention about whether they could extract from stage 3 highwall using conventional mining equipment and there was a complication in that the area was still subject to geological, geotechnical and mine planning work.
I'm not sure how much of that actually got done given the recent corporate and cash difficulties PLV has had.
It's going to be along hard slog but, as angry as we wish to be about out recent problems, at least we are there to slog. Will it be worth the effort? Only if we get min3mt per year. Otherwise we just remain a miserable low priced low value wheel spinning nobody listed on the stock exchange.
I want to be part of something better than that!
PLV Price at posting:
13.5¢ Sentiment: None Disclosure: Held
