RE:RE:RE:Bottomline.... What is clear now, is that Lionsbridge hasn't understood a simple glaring fact. This is a financial re-engineering investment project not a mining project.
Mining cost contribution to sustaining costs is well within economic standards.
Processing milll contribution to sustaining cost is NOT within economic standards.
Capacity utilisation in the mill is at 25%-30%. Financial re-engineering (at the Mill) is the core of the problem and not mine re-engineering from a risk-reward equation perspective. The mill was built to support far higher grades and reserves at a gold price in the range of USD1700+. To expect a breakthrough in mine re-engineering is simply to buy time to dilute shareholders via inefficient use of fund proceeds. Financial focus on the mill will indeed fetch a breakthrough which this mine badly needs.