Stans Energy Corp V.HRE.H

Some Clarifications from Stans

[REEnewbie]

Did not get any reply from Stans re my letter, so I called David and talked to him on the phone.
He confirmed that production will be 2014...not 2012.
The reason being they plan to build a NEW Mill which will take at least 18 months, but to be on the conservative side...completion planned for 2014.
The old mill can only process 500 metric tons; they want to process 1,500 metric tons.
Bankable feasibility study will be complete by the end of 2011. Everything will depend on the outcome of this feasibility study; how to proceed, what type of mill, JV/partnerships,......etc.
 Regarding IR and PR, he admitted that other companies like GWG does more PR but pay big $$ for that; for example, it's a well know fact they retained a famous analyst John...??? and paid him over $1 million per year to promote. But David is busy attending all kinds of conferences , mining show, etc..
When I asked him about the importance of being the First producer of HREE; surprisingly he's not too worried about it, saying even if Stans will not be the first producer, it will still do well because for example GWG becomes 1 st producer with 1700 metric tons, Stans still will produce 1500 metric tons; and the demand will be 120,000 metric tons...lots of room for profits.
So, what do I take from this conversation?  Don't know for sure. Although he is very positive about what they are doing, I still am quite uneasy about the delay, and the fact that everything else going forward still hinges on this important feasibility study which is yet to come.
I do not expect any movement on the SP until the end of the year, and again, probably depend on what the feasibility study says.