smelter closer to home, the work with port pirie will take time (refit/upgrade and may get delayed over time with environmental upgrading /considerations as the new smelter will be capable of so much more and more diverse in managing extra metal suites). Have you considered panama canal (its being widened) and up to charlstown? another smelting op perhaps, one of nyrstars? i thought also a large smelter in south america ? feaso will arrive before close next thursday as per rns. if it was an over run it would be 3rd party issue (golder) and outside Herencia control. I am not unduly concerned at this time. Lets see what exactly flies off the rns next week. time to twist the throttle good weekend all :-)
The feaso must come out next week...................or its late, and the promised dates have been honored in the past so I will be very surprised if we dont get release next week. I think it will be voluminous, so much reading. IC making a big thing about silver price this week. I have mentioned before but my recollection is we were calculating on price of $22............almost certainly the wobbly price of Au and Ag is down to a clear out of the paper and futures markets. The obvious knock on to the IC conclusions is that the current market strength will eventually come under pressure as the metals future markets sort themselves out........say Sept/October when Europe comes under pressure yet again as we look at the great experiment. Heyho nothing new under the sun With all our other stuff in there I think the over all value cant be in doubt but which will be the dominant isnt that clear to me yet. We seem to have a possible 2yr gap to bridge so I will scan the feaso to see which way the BOD is inclined to go. Almost certainly our concentrate is destined for Nyrstar Aust. multi metalic smelting operation in 2017. If we are to produce in 2015 I am interested to know what we will do with our concentrates until then, 2017 that is.
I am getting some sense that BOD may have a slight dilema
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