Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Final approval expected this month! Surely that should boost SP??
Definitive Feasibility Study
As previously announced, the Company had engaged GeoInvestProject ("GIP") to prepare the DFS for its West Kytlim project. The DFS has now been approved by the working meeting of the Russian State Committee on Reserves. The final approval is expected to happen this month. The DFS approval is an important milestone for the West Kytlim project for several reasons:
1. It eliminates single asset risk by allowing production at several open pits concurrently and shifting the equipment between them when and if required to provide for consistent production volumes to be achieved.
2. Concurrent mining allows for the increase in production volumes compared to the sequential approach to mining adopted by the contractors prior to Eurasia taking over the project as owner-operator this year.
3. The DFS allows all year-round mining operation for stripping, earth moving and mining activities to happen also in winter months (while the water is frozen) in preparation for the next season and also to stockpile the ore for treatment
Thank you big bench. I am nearly 65% down so no point selling anyway but yes agree with you. US covid figures ever increasing. Just so bloody annoying how long its taking and stupid rumours saying fda declined approval