Regarding the DR government approvals Brian is going to appoint a full time local to to head up that process and get things moving Brian has been given strong support from government however nothing has been signed off as yet.
The government is pro mining and will be wanting to make money and keep its current 180 people in work for a further 10 years
This new ore will be ran through the plant seperate to the existing tailings because of the different sulphur levels ect!
This new clean ore concentrate will be all good and a lot different than our current tailings they will have no variables a stable sulphur level, and the same particle size throughout the whole batch which makes there job a lot easier and recoveries increase substantially!
I see canarc share price has doubled in the past 2 days on the news now a market cap of 8 million compared with our 15 million market cap
Which one looks cheaper??
We have a working plant worth $100 million and some debt!
a Cash flow positive operation
$20-$25 million profit this year a current 5 year mine life
We have some serious re-rating that is due to be done on PGI
Gold up hopefully we have a good day
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