Grade control system... (was gold up)Well it's not "no explanations" there was a diagram and photos at the last presenation. One can see that it's complicated, many moving parts. Estimated cost was I think five million. Like was said, one part of the mechanism had to be redesigned and built again. When it is completed and the system is working, then it will be a material change, and so the company will probably make a news release at that time to discuss it.
There was an excerpt from a blog posted on twitter, since it seemed like meant to have been for paid subscribers, I maybe should not repeat it, but one comment was that, the company is rushing to set up grade control, as part of being under pressure to react to an unexpected situation...
My response to that is, really, does nobody remember when there were doubts before that the mine could be started wihout additional financing. The mine did start without having done the additional financing, that many thought was going to be necessary, and so it is reasonable to assume they did not have an extra five million available to have done this before the mining started.
Also if this was an unforseen need, not understood in advance, then why is it that I explained that the company would be setting up this type of a grade control system, here on stockhouse back in December 2013 (link below). If I could figure that out four years before, then why is it that some people think it would have been a surprise event within the company, argh (??).
https://www.stockhouse.com/companies/bullboard/t.pvg/pretium-resources-inc?postid=21981479