Boom boom....who knows where they are financially. Note in the EIS states $450k plant costs for copper but not all the plant is onsite and didnt BMR originally suggest a budget of $1m. Clarity on finances is needed here but doubt that will happen. lol
Well the EIS states $3.5m initial investment but it also depends on how onerous any conditions ZEMA may want wil be.
Well the burn rate c$100k/month? so another couple of months does matter.
I think Human let him down there as well. Unless Human told him and he just forgot? lol Everyone assumes he has his finger on the pulse but is he not also involved with other companies?
Yep looks like they need to do a little more research or just keep am eye on DTM to keep up to date
ZEMA EIA Process. Step 13 - Submission of public hearing report to ZEMA - 15 days (from date of public hearing) Step 14 - Decision by ZEMA - 30 days A day means an official working day. If they wanted it could therefore be as late as 13th June. Stand down men.
Lol so scotch was right, humble pie for a few on LSE
scotch I know you are not dregs lol but because you post something that may not fit in with others preconceived ideas you get shot down in flames
Dont know. Until ZEMA confirms what they will accept any spending on plant holds a risk anyway.
Looking at the EIS a lot of equipment was still not onsite for the copper production when it was written. Anyone know if thats there yet? With reference to the zinc/lead processing cant imagine they will order/deliver plant until EIS is confirmed. To financially risky. The way this is looking I'm guessing any meaningful production (profitable) will not be till at least Q3.