I have established the following
Re-listing expected at End of month, only being delayed by some reports needed to be completed
A new mine plan is being prepared as a first step towards resuming production
Production will not commence unless it is profitable at current prices. the good point here is that there are no take or pay penalties, so the company is in a good position to turn on production when it suits them
There are no outstanding environmental issues--a mining lease for 3.5 mtpa has been granted---I consider this very valuable.
The capital works are complete except for the underpass on the Dawson highway , which is 20 % done, but they can still ship to port now, if they re start production.
There has been some small improvements in price. All base metals have had a good quarter, and I personally think we have reached a turning point post GFC
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