RE:They will provide Rice Lake updateThey will still need to re-verify all the resource data to their own 43-101 level.
I expect that this could follow later in 2016 or possibly early in 2017, after production has recommenced at Rice lake. A more comprehensive 43-101 for KDX's mine plan could then emerge.
Rice Lake already has the previous operators 43-101, which reports total resources which are possibly multiples of the reources are the Klondex Nevada mines. Therefore, it must be clear to KDX at what part of Rice Lake hi grade reserves where they wish to commenced production, in order to generate cash flow.
The fact that KDX last reported that it had 55% completed the repairs to underground track, then this must be indicative of where they wish to start production.
There seems to be merit in switching from Cash Outflow to Cash Inflow at the earliest opportunity.