RE: First Gold Pour Delayed Several Weeks
VERY dissapointing, yes selling, no. Are they being compinsated by the company that suppied the pump (seals)?
The gold is then redissolved or stripped from the carbon in an "elution circuit", electrowon onto steel wool, which is then smelted to produce a gold dore bar. The stripping solution is a high temperature (100 degrees) caustic solution containing cyanide. During the current stripping of the carbon the seals failed on the pumps. Seals were replaced and further failed after a few hours necessitating the shut down of the elution plant. The pumps were apparently supplied with incorrect seals and until the correct seals are obtained stripping cannot resume.
This would be a direct quote from the NR. If this is the case lost revenue however small can be (should be) backcharged... Picking up cheap shares when others are bailing..... yes! JMO SPYDE