RE: RE: RE: Oslo Bors Investigation Down again today. Anders will bame the overall market and there is some truth to that many resource stocks hit recently. Wait until they begin commissioning the plant that will take some real talent and this team may not be up to it. The metallurgical process is complex and with the sulfur and silica in the ore can they make an acceptable product. If they run the productiont like they have run the company then everyone will be in real trouble.
The verti mills are some of the largest in the world and the question will be will they hold together mechanicly. Can they maintain the mositure below 4% so the product wont freeze in the rail cars during winter transport (-40). Lots to think about even if they get the plant and mine built. The biggest battle will be maintaining production cost. The goood news is there is very little if any debt as they have financed the project for the most part with equity (dumb).
The Finnish side would have been so much easier to do and the economics so much better. They were advised by some very smart people to do the Finnish side first but KA's ego got square in the way. so look at where we are now.