Post by
rragg on Aug 22, 2013 7:16pm
Industrial minerals
As I stated in my last post, the Ophir mining project should be pretty quick to get running (3 - 4 months from what I could see in other projects). I would expect to see mining by the end of the year if there are buyers for the minerals(?).
My fear is that we are not getting any information about anything. Nothing about Big Hill, Burgin, Trixie or the Sun. We are a few months late receiving the 43-101 and PEA for the Sun. No mention of the water project in a year or two so I think that is dead. Maybe it's on hold until the Burgin project gets going (the water is in the mines). It's a tough time for juniors, hopefully not too tough for Andover. Hoping the mineral mining gets going to help with the bottom line. Tough time for the big guys too, Rio has thier hands full in Bingham and the Big Hill is probably taking 2nd seat at this time.
To follow up on my last post, from what I can tell, Enirgi has only sold a half million shares. They don't seem to be in a big hurry to sell off their assets. I don't think they are involved in anything at this point, not if they are selling off shares. Who knows what is going on?
Just wish they would give us something...
Just a little nibble of information. Good or bad. Wouldn't take much, a project is on hold until we find a JV, waiting for the metal prices to rebound, Rio is evaluating and will proceed soon, waiting for the State to commit on the road before we proceed with the Sun... just a little something about each project so we can evaluate where we stand.
Phew, I feel better now that I got that out.
Comment by
dosco on Aug 23, 2013 8:46am
all true. management need to settle this enirgi issue and then concentrate on the JV as this seems to bear the chance to get some profit/ net cash flow in. they did a lot last month thats clear. so I am sure that they will produce news as soon as they are popping up internaly.