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Just_Westy

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24/04/18

09:53

Post #: 32647531
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Originally posted by jimone ↑

Changing the spec of HM4 from an electric motor to a diesel motor would have caused a delay in delivery as well I would think. Lots of results due, starting with the panel samples then the Antena drill results. I think we put to much Importance on when they say results are expected. That would be an estimate from the company depending on when they receive the results from ALS and then what the company needs to do pre release. Do there geologists need to go over them and put them into a context that the market can understand, do they need to make a decision on where to go next and include that in the announcement so it is not half baked? As always there is more to these things than meets the eye, so I for one will be cutting them some slack on when updates are released, it won't change the result so best not to worry about it.

After reading the update again, I think they have put April aside to finish the recommissioning of the plant then will make May there first production month. I would like to know how much the gravity side of the plant can handle, 30 tons an hour, 80 tons an hour? I remember MP saying that expanding the plant from name plate of I think ~ 15 tons an hour would not be expensive as it is just the crushing side that would need upgrading. If they intend to run both hammer mill at name plate then it will need to cope with 75 ton per hour, does anyone know how much can be pushed through the gravity side ?

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The HM4 was being built for them I believe and wasn't sitting on a shelf somewhere and yes it will be diesel so it can be located in different spots.
The announcements will come when there ready and I for one will looking forward to them.

OGX Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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what and when, page-12

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