VXL update, page-12

You may well be correct. As I see it many issues were overlooked. For example why do you train staff for 24/7 operation when the "in spec" throughput has not been substantiated. Additional concerns are:

1. Why did the old ball mill remain idle when additional grinding capacity was identified
2. How did they underestimate the bagging capacity; it's not rocket science to get this right
3. The original EPA was invalid due to environmental changing in SA
4. The tailings dam (and water issues) where not identified in the prospectus.
5. It was apparently know (at least by the 1993 management) that there were impurities in the stockpiled material which were going to make "in spec" product production levels impossible to achieve (this evidently was the position in 1993).
6. Changes were evidently made to the old grinding capacity (i.e a rod mill replaced the ball mill)
7. Knowing that the original EPA was invalid why was it not identified in the original prospectus that at least 12 months would be required to get this through
8. An environmental expert was not taken on board until May 20014.