OTCPK:IVWFF - Post by User
Comment by
NigelDavieson Jan 09, 2009 2:55pm
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Post# 15694766
RE: RE: I stumbled on to this last night
RE: RE: I stumbled on to this last nightThe company received permission to remove the lead concentrate from the shed at the port on or about 3rd Dec. last and they have until the end of April this year to complete this. They then have to demolish the storage shed and carry out a complete clean up in that area of the Port. The bagging equipment will then return to the mine at Wiluna where other stored concentrate will be bagged and place in sealed containers for trucking to a railhead for onward transportation into the port at Freemantle( I am unsure whether they have consent for this operation yet) Roughly 330 containers will be needed for the Esperance concentrate. The company have not yet made any comment about the increased costs involved in this new form of transportation. Its well worth reading about the history of this sorry saga which can be gleaned from Press Releases and other information on IVW's excellent website. The company did receive a mine license renewal last year which takes them through until 2011. Although it has many risks I still consider this stock to be worth a speculative investment. If nothing else its turning into a very interesting story !!
GLTA