I think you are still looking at the old management plans...this has all changed with the new management team
Under new management my understanding is the program will be: * further exploration of known targets to increase resource and reserve - this is well underway * Recruit US based development team - COO appointed * update the feasibility for a new mine plan * complete permitting * finalise port and rail arrangements * Canadian list - Q1 2013 (i.e. Sep 2013) * project financing - Q3 2013 ( early calendar 2014)- this will be circa $250m-$300m - much bigger project * commence early stage construction Phaze 1 of project - Q3 2013 ( early calendar 2014) * progress second phase studies Q$ 2012
NVI Price at posting:
$1.08 Sentiment: Buy Disclosure: Held