Agreed and I think we will see clearer when we get the JV RNS. If the upward surge of the Gold price materialises as is widely predicted we will not be searching for further motivation to see this into production ASAP.
You might be right, however I would expect that 8 month timeline to be based on the fact that LV have already decided where to start their operation and so plans may have been drawn up with that in mind. A JV could change that in that there may be a better location to start mining from the combined resource. To optimise the whole site the initial mine location and plans might need to change. So new equipment specs and all. That re-scoping exercise could take a few months..
Could the projection that they will be in production in 12 months time be another classic LC ultra conservative one. ? The below is taken from the LVG Imwelo Project info : The processing plant has been designed based on the metallurgical test. Discussions have been underway with a plant manufacturer for the Imwelo facility. Once the final funding is in place the processing facility will be ordered. This will take 8 months to manufacture, relocate, build and commission. LVG are abviously well… Read More
Mtr as i understand, are looking for around 9p, that said, they also know a good investment when they see it, and at 9p kibo will still have a long way to go, even in the short term. I like the 29-90p valuations for a couple of years time, sounds much more reasonable than some of the ridiculous £2-£3.50 guestimations I've read about. (though that'd be nice))
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