RE: RE: Perspective On NML They are different projects with different timelines. Labmag/Kemag is a massive project with multiple billions in infrastructure required. The feasibility study alone is going to cost $50 million, right? So of course there will be many updates on the very complicated feasibility study process
The ADV Kami project is modestly sized with little infrastructure (17 km rail spur) to build. The same consultants who wrote the feasibility study for Bloom Lake are doing the study for Kami. It's a layup. And of course there have been updates:
https://www.alderonironore.com/_resources/news/2012-01-10-NewsRelease.pdf
I prefer simple and soon over complex. But Labmag and Kemag are massive with terrific grades. I respect that.
I believe the NML DSO project is seriously behind schedule. Original plan was to have the steel dome up by mid-December so that work could go on through the winter building the processing plant. All of this work is not happening this winter. The to do list is long: build a 29 km rail spur, build dome and processing plant, obtain permits for both mine and rail. I wouldn't expect commercial DSO operation until summer 2013.