Next Three MonthsThe following chart illustrates how very busy Jamie and team will be between now and year end [and well into 2016].An update would be nice to see how we are progressing along the path to production. However, considering the schedule, I have not bothered Jamie with any requests.
I expect we will hear re the final financing arrangements in the next couple of weeks as the monies on hand won"t take long to be depleted if they are active with the construction of the site.
Achieving some (or all) of the other goals outlined for completion over the next 12 weeks should really start our SP on a northward track,namely the signing of additional off- takes for the e-glass and filler markets.
The partnershiping for the alumina will be a great boost for the company and shareholders.The alumina markets are quite depressed at present but this could be a plus for HUD in that the producers will be anxious to cut costs and our anorthosite offers them that opportunity. They would have not only security of supply but also a much more enviromentally friendly product at competive prices plus anorthosite
vs bauxite is much easier on their machinery thus reducing their maintence and replacement expenses.
GLTA
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H1 2015: -
• Sign first of several off-take agreements with E-Glass end users (Completed July 2015) -
• Commence infrastructure development (now planned for August 2015) H2 2015 -
• Granting of 30 year mining license by Greenland government -
• Secure project financing -
• Sign off-take agreement for coatings and filler business and additional e-glass producers -
• Obtain partner for alumina business and proceed to pilot plant testing 2016 -
• Complete construction and commission plant -
• Ship first production material in H2 2016 -
• Cashflow to support expansion and new project opportunities -
• Commence feasibility study for alumina project |
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