RE: Report fr,MiconThe Micon report was scheduled out by the end of March. It takes times to digest the contents of the report and provide an action plan to the bankers, shareholders, etc. It also takes time to find the necessary financing for reactivation of the plant using the Micron report as viable proof for the project.
The report will outline estimates for reactivation of the plants, such as:
1. Capital cost for reactivation,...................................say $10m to $15m
2. Estimate operating cost,........................................say $500 per oz
3. Required gold price needed for reactivation,......say $700 per oz.
4. Min production needed,...........................................say 40000 oz out of the 100000 oz capacity
5. Which gold veins to extract first to provide higher profitability.
etc.
I can't see what can go wrong.