two years waiting for word on the hydro transmission line to the mana mine. Company states this line when built will save 10,000,000 a year in diesel costs.
the company has no idea if construction has started since its the government power company that build the line or contracts it.
in a phone call the company states line contract has been approved.
Has construction started on the line?
we don't know.
have you payed the funds to start building the line?
no
This hydro transmission line will make a big difference in the per oz cost should bring mine costs down from recent example 2 908 per oz cost.
The company states after two years it should be complete in QU 2 2013.
They do not know if construction has started.
all bet they do know what their stock options are.