RE:Rogue Stone Update: Commercial Production, More Than $1M in Excerpt taken from today's NR, indicates RRS has entered "commercial Production" Bold part is my highlight.
"Subsequent to the end of Q1, the Company had sales of 2,422 tons in August, for Sales Receipts of $206,951and 2,668 tons in September for Sales Receipts of $213,278. Importantly, the three months of June-July-August sold more than 7,000 tons, exceeding two-thirds of the licensed capacity (6,600 tons/month) benchmark and allows the Company to declare Rogue Stone has entered into Commercial Production. The passage into Commercial Production means that Rogue will shift from capitalizing its expenses to the balance sheet and begin releasing an income statement that includes the Rogue Stone business."
Now just imagine how RRS could fly if only our Quartz business were to start mining the Si! Known fact that governments move SLOWLY (unless it's something to their benefit). But this Woodland Caribou issue is taking far to long to resolve - ALL the PQ gov't fault.
But in any case, well done Sean S & Paul D, our very astute managers.