RE:RE:Finally, Some Very Important News w/comments from GTP CEOAnyone have any idea how long it would take for the commissioning of the pilot plant? The December 2018 projection to commission the full-scale plant was 6 months. I would think once the pilot plant was fully locked in they could report on projected recovery rates of the full scale plant with reliable accuracy.
I also still wonder why the pilot plant was redesigned. Was it due to something unique to the Sangdong site? Was is because of something KIGAM learned at a different site?
Almonty probably won't provide much new info in regards to Sangdong in a couple of weeks when they announce their latest quartely results. We are on track to begin to get regular reports over the next few months on important Sangdong development milestones. As soon as finance closing is completed I would expect Almonty to produce a new document to replace the December 2018 report.
Almonty also has to refinance their current long-term debt and come up with the $20,000.000 for their portion of the Sangdong project.
I applaud Mr. Black and his team for their progress to date and look forward to financing that does not dilute the stock.