IIRC the pilot plant has to be designed and although in principal they know what they need the plant to do, it will actually be a new concept and not industry standard so a case of trial and error to design and create the pilot plant.
It does say in yesterday's RNS it needs to designed and constructed so it's not a case of simply ordering the new pilot plant IMO.
So the pilot plant has been ordered. I do not think this will take long to install . As regards ZEMA approval I would think that as the "waste" is non toxic again this should be a lot quicker than last time
Agreed. We can't afford to love it. I think many of us have learned that the hard way, but learned we have. This is essentially a new Company now, one which I'll certainly support, but I won't get attached to it if I feel I'm happy enough with the return on offer. Break-even is my first aim and even though this won't be until 51.6p, I still feel that it's possible, considering the processed asset value (JORCed tailings only), lower amount of shares in issue and the experienced team AB has assembled. It may take a while, but as long as the sp keeps improving with definitive, positive news, then it makes sense for me to continue to hold.
Perhaps I should retrain my brain to think more positively - I was always optimistic when I had 10 times as many shares but these days I am not feeling as much love. I undoubtedly wish that things move on at a decent pace for selfish reasons, - though whilst there is positivity in the air I will cling to it.
I do not even wish to think of my break even average numbers - gawd there I go again.
Hi Bryn. It may not take too long to set up the pilot plant, considering they now know exactly what is required in order to achieve the recovery rates, as in how to go about it. Have to see though, and naturally we can't run before we can walk, but it is promising. Of course, still a way to go for many long-term holders I reckon, in terms of reaching our break-even targets, so feet firmly on the ground, but it does appear that we have a team in place which has both the expertise and experience to overcome any potential hurdles, also the right personnel to drive this. I've never given up hope here, but I think we all need to see it happen now, the Company finally shaking off former shackles and becoming a producer. Fingers crossed.
Not sure whether there will be any great speed Eric though a decent informative update. My thinking is this part of the RNS "BMR is pleased to announce that the Company has engaged the services of Edward Musonda, an experienced metallurgist, to work under the direction of Dr Geoff Casson on the process design of the Kabwe Pilot Plant."
So Mr Musonda has been engaged to sort out the design of the pilot plant. We will need to get the pilot properly up and running before any major velocity, though hopefully the pilot will be designed with a quick fix to transform it to a fully operational unit.
Just my ramblings - hope all is well, I have not been posting of late due to personal commitments. Still very much in and even bought another small chunk when we first relisted to keep cash out of the pot to be removed.
I'm sure the new BOD will remember. Good that we have accountability on the finance side too now. Long way to go, but time schedules at least so far adhered to. Things within our control are being acted upon to stated timelines.
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