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Geovic Mining Corp GVCM

Geovic Mining Corp is in the business of identifying, exploring and initially developing mineral exploration prospects. It has mining permit covering entire nickel -manganese district in Cameroon's east province. The company also through its subsidiary is engaged in strategic acquisition, exploration and development of other mineral properties.


GREY:GVCM - Post by User

Bullboard Posts
Comment by CalifDreamingon Oct 14, 2007 1:11am
458 Views
Post# 13568270

RE: GMC status

RE: GMC statusI talked to management last week. Feasibility is delayed. Probably won't see it before year end. Costs are skyrocketing and management isn't happy with Washington Group's effort as they were originally supposed to finish the FS in April. Reading btw the lines, I expect capex to roughly double. Part of the reason is that the plant is being expanded ~33% and that the PFS is about 18 months old and costs have escalated. They are now targeting ~2010 start up.
Bullboard Posts

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