We are waiting for the "metallurgical results" for Spring Hill Gold... which could arrive anytime now.
The March quarterly report also stated that "drill testing the much lrager scale "Calliec Style" model will be scheduled to commence during this June Quarter".
My guess is that... Spring hill drilling could be delayed due to the delay of the DFS. But once the DFS rolls out, MB & co will have more time to look at the other projects & recommence the scheduled-drilling ASAP.
I believe the DFS should be completed by this month (JUNE). Ore Reserve has been completed and we are now waiting for the finanl part i.e. the mining plan & financial model ($$). The announcment on the 30th May re-assured that it is near completion.
Like many have said before on HC. It would be foolish for MB & co (Management) to define another due date again if they weren't certain about it. Another delay could really hurt our Sentiment & Share Price.
NB/Reference:
** 27/4/12 Ann "Delay of the DFS" - left the date somewhat open-ended "...will not be published BEFORE JUNE 2012"
** The latest Ann 31/5/12 - "It is expected that this proces (Last part of the DFS) will be completed during June 2012"
Kiddo
THR Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
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