Post by
Calgary1111 on Mar 25, 2021 2:29pm
open pit
Well the new plan will push back production for 2 years and add uncertainty to a project in a bad jurisdiction. Stock is down to 1.60 and look for it to keep collapsing. I'd have sold at the $2 area had I known they were going to spring this on us.
Comment by
Trg418 on Mar 25, 2021 10:58pm
Well if the open pit permit gets denied they can always go back to underground mining which is permitted. I agree though, the lack of communication regarding this new plan is disappointing. Nothing I can do but average down as I'm not selling at a loss. Plus, I believe jack lundin will succeed, one way or another.
Comment by
Zola2 on Apr 01, 2021 11:53am
Don't like the delay much either. A year is a long time. Mining projects seem to have always some delays. On the other hand I like their recent drilling results. In summary, still holding.
Comment by
Zola2 on Apr 08, 2021 6:43pm
Interesting the management changes announced today. Was there opposition to change to open pit? Possible less costly and easier to mine. Great drilling results recently, might have to accept the delay with start up of mining.
Comment by
kkkrrr on Apr 10, 2021 7:29am
this open pit economicly is a right decision ... much higher NPV and much less mining-dilution ... the only question is permitting.