Hi All,
Here is some news, I just got off the phone with Lionel. I have to run so I will not be able to answer questions, basically what you see here is what I got.
Liners, the liners are scheduled to be shipped from the manufacturer on March 17. Figure a week or so for shipping and another week or so for installation.
After the liners are installed then the mill upgrade will take place, including the famous shaker tables I believe, to make mill able to run 60 tons per day two shifts (or 90tons on 3 shifts, I think). The mill upgrade should be happening in April.
Production will be, after the liners and upgrade (and El Nino) taking place in increasing amounts and any business plan news is more likely to come out around that time. There is 800 tons of ore .3 to .8 oz per ton stored at the mill.
There will be some milling taking place over the intervening weeks, they are saving the liners in the mill for high grade ore they hope to be finding.
Diamonds are still in the works, no official news yet.
Gin- No notice given for delisting yet.
Imshaw inspection (like OSHA only for mines) passed with flying colors, one minor violation (no seat belt not being worn on a loader). That is GREAT, in my experience (and IMHO) the inspectors always have to find one thing at least to punch their meal ticket!
Some general stuff, Jim does not like making forward looking statements, fluff or puffery because when the news (when we have good news sometime, that's kinda forward looking) does come out he wants the brokers etc. to take it seriously.
So here's looking forward (IMTTP, in my terrible terrible pun) to that good news coming soon!
In any case, I am hanging in with BCMD, a decision which I hope will be borne out say by summer or sooner, this stocks rocket days are NOT over and IMO will have a better shot at staying aloft in the future.
That's all I have, you know Lionel's number if you have questions.
I gotta go, it's gorgeous outside and I'm off!
Roebear |
