RE: RE: the facts Yes, AXI management is dumb enough to put Q1 2012 as a target date for the feasibility study when Q4 2012 is much more likely. Gingerich and company do this all the time. In 2011 they announced plans to drill 15,000 meters at Roche Bay in support of the feasibility study.
They end up drilling 1,200 meters in 2011. Did the feasibility study not require the shortfall of 13,800 meters or did AXI just run out of money?
https://www.advancedexploration.com/newsroom/press/Jan1711.html
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"Additional fieldwork that was completed in 2011 included an onshore geotechnical investigation program that was completed in September 2011." Yes, then Rougier, the consultant from Golder, reviewed this fieldwork and filed a report in December 2011 recommending additional targeted drilling, laboratory testing, permafrost measuring, geological modelling, including 7 pit geotechnical holes. They will be back in the field this summer gathering this additional information for the feasibility study.