WAI Capital Investments Corp WWEXF

delayed to Q4

[cloreenbaconskin]

As disclosed in our June 30th, 2013 Financial Statements, the release of our initial 43-101 technical report has unfortunately been delayed to Q4 2013 as we await advanced data and services from one of our key technical partners. We are disappointed and frustrated by this delay and we are sourcing potential alternative suppliers to ensure such bottlenecks and delays do not occur in the future. The continued funding from our partners Sky Alliance Resources Inc. (SARI) and China International Fund Ltd. (CIF) provides us with the necessary financial resources to enable the completion of our initial NI43-101 Technical Report."

Read more: https://www.digitaljournal.com/pr/1445948#ixzz2dqGCLY6O

I don't recall them saying it would be delayed to Q4 in the June 30th statements. Mid-July to mid-August was the statement. The waiting continues.

[cloreenbaconskin]

I just saw the MD&A statement dated Aug 29th... WEST AFRICAN IRON ORE CORP. Management’s Discussion and Analysis of Financial Condition and Results of Operations For the three months ended June 30, 2013 Update on Technical Report The Company was expecting to release its NI43-101 technical report by mid-July to mid-August; however, the beneficiation tests have been delayed by several

[verytas]

Shouldn't the benef test have been done prior to running a full blown drilling campaign  on the laterite ?  What happened to the 2 billion magnetite (Fe) BIF potential stated in the sedar filings ? The drilling campaign on the magnetite was dumped to turn to a not so sexy laterite (Fe) deposit or is it really a bauxite (Al) deposit ? Sounds like usual old borring pump/dump story