Originally Posted by
Chippie
The key question is how long it will take to get the Metallurgical Testwork Pilot Plant working. " Commissioning of the pilot processing plan has been delayed by land use consent applications which are being processed. All components of plant have arrived and are awaiting assembly off site. It is anticipated that resource consent issues will be resolved by end May following which the plant can be commissioned. In the interim the ROM stockpile continues to grow and will remain stored inside the mine until the plant is operational"
with 200 tonnes ready to process would that not be 200 x 34.8 g/t = 245 ounces @ NZ$1926 = $472K of gold alone?
I must say it is really disappointing that this additional resource consent has caught NTL out. But apart from that delay everything else is positive.