KCN 1.25% $1.62 kingsgate consolidated limited.

This is the problem LG. What you wrote was a 'reality' that they...

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    This is the problem LG. What you wrote was a 'reality' that they didn't have approvals or that Jamie is being slippery, but in the webinar Jamie said everything but.

    "When do we expect blasting to start and are we waiting for approvals?"

    Jamie intimated that last year KCN put out a grade control release in and around A Pit.
    On the western side where the quartz lease - that they now have again are high-grade pockets of ore. What's important about it was they didn't have the ability to drill properly in the past. The release back in September verified the grade. (really high-grade intersections of 45g)

    October November with the drill rigs, they have been drilling 'the hell' out of it. They have also been putting in the blast patterns as they go. (what they mentioned about doing things twice is a waste of money and resources) The reason they haven't blasted is because they believe there is more high grade zones and want to find them all and upfront them to the mill to assist with cash flow/profit. Until they are sure where the high-grade pocket zones are they won't blast.
    Timing so there isn't double-handling rock is really important.

    Jamie also said that blasting permits are issued for 12 month periods and the magazine was inspected by the army and was given the tick of approval. The regional governor has also given approval and re-signed the permit. But that is NOT the reason they are not blasting yet.

    Either Jamie is lying through his teeth or your statements are wrong.

 
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