I would suggest the two week of testing will be in line with the railway also coming on line. Great to see the quality of repair/rebuild of the washplant, this should benefit Ben in the long term regarding future repairs limiting down time.
In effect we are now producing washed coal during testing albeit not at full capacity and the second HWM as suggested yesterday is ahead of the second quarter, so will come online in March.
Not sure where that article is getting its info from, we buy a new HWM in February and don't use it till June ? I’m sure Adam will want this up and running asap.
Jorc takes forever and come in phase three of this 12 year agreement. How can anyone guess what the resource is without drill. We are drilling the first site of seven sites which may take another 3 4 or 5 years to define. Could you guess how many marbles are in a box without seeing the size of the box answer not a chance. our jv earn around 12% more if they give us a Jorc and its miles off. Be lucky if they can define Apta where they been working for last 15months or so. I personally think we have a resource of 10 to 20m ounces but thats just guess work. Buritica is 10m and we are surrounded by resources of 5m to 25m. Brad in one of his interviews thought it could be as big as 30m and definitely elephant country. But since then hes more conservative with his words.
Only thing we can say is if our partners thought it was only a few million ounces they would not commit to phase 2. DYOR
Bhargav what sort of bike you selling what make and road or mountain what group sett. How old and how much you wanting for it. if its decent might swap you a few omi shares for it. only joking.
If we cant buy then hows an institution gunna get shares with out issuing blocks of new shares to them. if you cant buy sp should be higher to flush out some sellers.