TSX:SUE.WT - Post by User
Post by
play_n_layon Jul 28, 2011 2:37pm
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Post# 18884240
MD&A on Sedar
MD&A on SedarThe MD&A was posted on sedar yesterday. Some interesting findings.
" The Company is also currently evaluating the option of undertaking an updated mineral resource and including these additional results,along with the new dump leach metallurgical test results, to produce a more current Feasibility Study. If the Company decides to include additional exploration and dump leach metallurgical test work, it would result in the Feasibility Study being expected for completion in early 2012, later than indicated in previous management discussions and analysis. The longer than initially expected timeline is due to the Company’s desire to incorporate additional results from the underway 2011 exploration drilling program and new dump leach metallurgical opportunities. Sulliden expects this portion of the study to demonstrate an expanding mineral resource, additional positive processing alternatives for lower grade material previously consider as waste, all of which would likely have positive effects on the production figures and the overall economics of Shahuindo."
"the Company also expects to initiate drilling on the North Corridor by August 2011.":
"cash and cash equivalents of 45 million effective april 30th, 2011"