RE: Uncertainty29 Mar 2019 09:58
That last RNS opened a can of it...
1) PEA delayed with no delivery timeframe offered. =The Preliminary Economic Analysis (PEA) for the Alpala Project is at
a very advanced stage
2) The mine design and metallurgy are more "complex" than previously envisaged = The Company's consultants have
conducted a number of initiatives to ensure the identification of best mining and metallurgical practices and
development alternatives. These delays have been unavoidable but necessary to deliver a high quality study.
3) NM is continuing to pursue CGP, with still apparently little chance of success. =The Company is finalising formal
documentation for the bid for the share capital of TSV-listed Cornerstone Capital Resources Inc. (Cornerstone). This
is expected to be completed shortly and has taken longer than anticipated, allowing for the complexity of the taxation
and other considerations to ensure the most advantageous treatment of Cornerstone shareholders, and the
requirement for translation of the entire document into French.
4) Long overdue updates on the regionals promised... =These delays have been unavoidable but necessary to deliver a
high quality study.
Just some added facts