Post by
thasis on Aug 30, 2006 9:46am
Perama Hill News!
Frontier Pacific awards Engineering Contracts to Aker Kvaerner for the Perama Hill Gold Project, North-eastern Greece.
"The information prepared during this work will be utilized within a full Bankable Feasibility Study to commence immediately upon Joint Ministerial approval of the Environmental Terms of Reference"
Two things come to my mind immediately.
1) You don't engage or award a contract if you don't plan to follow through.At least not these guys.
2) Nothing happens until approval of the reference.
Are we supposed to read betwen the lines?
Comment by
thasis on Aug 30, 2006 10:00am
Here's the full release.
https://biz.yahoo.com/cnw/060830/frontier_pac_engineer.html?.v=1
Comment by
ureka on Aug 30, 2006 10:25am
I would consider this positive news.
Good to see something happening.
An update to an update to an update tells you that this project is taking a long time to develop.
Will probably have to be updated again once the ET Of R are decided on.
Comment by
tas20 on Aug 30, 2006 3:47pm
no question this is good news. iagree with both the last two posters. they must feel very confortable with the greek atmosphere to engage an engineering company which among other things can present a present cost estimate of the project.remember this will be needed to assure a bank loan.