RE: Confused? - so am I
Brundall,
According to the Reuter's article, the "anticipated to ramp up to a production rate of 3.0 million tons annually by the first quarter of 2012" means by the end of Q1 2012 they will be producing at the 3mt/year rate. IMHO.
Your thoughts?
New Elk production of metallurgical steel-making coal slated for worldmarkets is anticipated to ramp up to a production rate of 3.0 milliontons annually by the first quarter of 2012, as described and detailed inthe National Instrument 43-101 Technical Report titled "NI 43-101Technical Report, New Elk Mine Project, Las Animas County, Colorado,U.S.A., prepared for New Elk Coal Company, LLC, subsidiary of ClineMining Corporation" dated May 27, 2011 prepared by Leo Gilbride, P.E.and Timothy A. Ross, P.E., of Agapito Associates Inc., QualifiedPersons.