TSXV:FCO.H - Post by User
Comment by
elduckyon May 18, 2017 12:45pm
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Post# 26260166
RE:Here it is , qt 1 2017
RE:Here it is , qt 1 2017No we were not mislead. In June of last year they thought the feasibility study would be done by Q1. They were wrong on the timeline and now expect Q2. Timelines for mining companies are often missed. ECS should learn to stop over promising and under delivering, but it is not the same as misleading.
A few weeks ago they were hoping it would be done by May 15, which it wasn't, which is probably why we got the presentation instead. I'm guessing it will be early Q2, based on the potential that it would be out on May 15. It may have been delayed from the original Q1 estimate because of the price jump in cobalt. They wanted to adjust for those numbers and probably add some sensitivity analysis for higher prices.