RE:RE:Questions for Management?Hi Tony,
Here are replies to your questions from Wally:
As announced, we are targeting completion for Q3, which will be followed by drawdowns for major equipment purchases. The agreement has three facets: the financing facility, the EPC contract, and the off take agreement. These are all progressing through the documentation process towards definitive agreements.
We have been using our Twitter feed to broadcast updates of the bulk earthworks onsite. We have two huge crushers providing crushed material for the gabion retaining walls and are doing the cut & fill for the five levels of terrain at the plant site and the pads foundation. We’re also building two major bridges, and the access road around the plant site. We’ll provide further guidance on construction timelines when the major equipment purchases are completed and the initial capital drawdowns begin, following the completion of the financing. We are also currently building our own assay lab facility at our head office compound near the Nadi airport.
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