GREY:NEVDQ - Post by User
Post by
bogfiton Nov 03, 2022 9:08am
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Post# 35069197
Update on Restart of Operations
Update on Restart of Operations “ … provides access to the higher-grade stopes of the EN Zone that is estimated to represent the highest value area of the underground reserve.”
Known as “high grading”.
“Capital Projects Proceeding – The Company has signed a letter of intent (“LOI”) with an engineering firm to bring critical capital projects to completion, including the coarse ore bin, permanent dewatering system, vent shaft rehabilitation and surface fans. The scope of the LOI includes delivery of construction execution plans within the next 30 days. These execution plans would identify any procurement or fabrication of materials and equipment to complete the construction activities, labor requirements, and necessary activities ancillary to these capital projects.”
So they DON’T presently have a plan to compete the coarse ore bin, permanent dewatering system, vent shaft rehabilitation and surface fans, or the procurement or fabrication of materials and equipment to complete the construction activities, labor requirements, and necessary activities ancillary to these capital projects.”
It appears that the company is in play, but that doesn't necessarily mean the shares will benefit.
b.