RE:it going take another year for operationThat seems a bit pessimistic . Once they have the plant built they will start feeding material into it and the process of fine tuning begins. I belive they have plenty of material stockpiled so that isn't an issue. The issue to my mind is can they get the circut working efficiently and get good recovery without having to add in additional circuts and/or increasing the quantity of solvents used.
Once they've got the recovery issues ironed out the economics come into play but that could be a function of the price of oil more than the process although that being said if they find that they need $ 100 oil because the process isn't efficient then the Co.'s hooped.
I don't see this as being any differant than the start up of a small mining operation although this might actually be easier .
When are they going to determine the roll back and when are they going to execute. They said they have approval to roll back " up to " 100 for 1 but the actual # hasn't been determined as far as I know.
Let's get on with it !
newsblue wrote: lets say they finish by dec 2016 or feb 2017, then 6 more month of start up sept 2017, then another 6 month for production to occur . production may start 2018. yeah its 1.5 year waiting time. not holding my breath