RE:CCaldarion8484 wrote: Whats not to like? A 2 year + delay. Suppose you have to expect this sort of thing when iinvesting in mining projects. But after 7+ years of waiting, patience wears thin.
They should rename this company Turquoise Delay Hill. If it isn't one thing it's something else but the results are always the same.....more delays. It just reinforces my conviction that this stock stopped being a hold for retail investors a long time ago. Maybe your grandchildren might eventually see a benefit. Their underground completion guidance over the years has been next to useless. That is sad since the underground's unlocking of this company's value is the reason most retail investors signed on. How can anybody trust them anymore?
One of many false dates given but this one is from a March 2013 NR:
The Oyu Tolgoi mine initially is being developed as an open-pit operation. a copper concentrator plant, with related facilities and necessary infrastructure to support an initial throughput of 100,000 tonnes of ore per day, has been constructed to process ore mined from the Southern Oyu open pit. in conjunction with the surface activities, a 95,000-tonne-per-day underground block-cave mine also is being developed at the Hugo North Deposit, which is expected to commence operations in 2016.