RE: Dragons tail reversal18 Jan 2024 11:54
KJ is me strow.
For what it is worth, there are a huge number of options available to the new board to reduce costs substantially. This will be an ongoing process and could result in millions of dollars worth of pre production savings.
It is 3 months since we had an update on site progress.
If I remember correctly,
The kiln was in place but needed alignment and testing.
This should have been completed with ancillary processing plant also in place.
The furnace was in place and outer shell completed.
The furnace should really be ready now for testing and the slow heat up process would be underway.
The roof cladding had begun on the kiln line. This should now be completed.
The cooant reservoir was almost ready. This should now be completed, ready for testing.
The substations were in place. Should now be complete.
I could go on, but without a Company update, I can only conjecture, but if the site was 65% complete 3 months ago, then I would expect it to be a minimum of 85% complete now and be ready for pilot operations by April/May.
To get this far as a mining project makes me believe that every effort will be made to get this operation up and running.
The first sign of that will be the release of the remaining monies from the banks.
If this happens then the shares will rise dramatically and any share dilution will be greatly reduced as the sp will be that much higher.
Only time will tell