News I'm waiting for The next big news I'm waiting for is the announcement that the underground belt and conveyor system has been commissioned. IVN has stated that the ore belt system should be in service in early April....this will be a huge mile stone. The first completion of the current primary construction focus which runs through the projects critical path.
1) installation of the underground rock handling system
2) processing plant
3) electrical high-voltage infrastructure installation
kakula current underground development average plan is approximately 1,000 meters a month, with the added crews we are seeing development of 1,350 meters per month.Kakula is 3.4 Kms ahead of plan ..which represents 3 1/2 months ahead of schedule for underground development.
i continue to believe that we will see a takeover bid from Citic/Zijin anytime after December...we will as shareholders never see Kakula into production
My humble opinion
looking