On the Cuspper the MDA start up is scheduled for April.
"Focus Minerals is gearing up to commence initial gold production at Coolgardie in April at the high-grade Perseverance Project (Indicated Resource of 92,066oz at an average grade of 6.4g/t Au) after completing a positive Feasibility Study in December 2007. This Project is forecast to yield base case production of 64,187 ounces over 21 months, with an upside of producing more ounces and a higher gold price."
This cash flow will be significant for a company the size of Committee Bay. It will permit CBR to continue the Committee Bay greenbelt development, regardless of whether receipt of the Redemption JV cash flow is accelerated by a transaction with Focus in the next four weeks or the pay out is over the next 10 years.
These 92,000 oz. at Perseverance are only a small part of the projected production.
Personally I am excited about imminent cash flow.
Start up drives up gold juniors'PPS.
With the