re: Ann: EnviroGold Presentation to European ...
There are probably a number of reasons for them budgeting start up taking several months. They are probably being conservative so they do not suddenly have to go back to the market for working capital if the process takes longer than anticipated, Another would be safety for example they are using larger amounts of pure Oxygen in the process than most CIP systems pure oxygen is explosive, so they will need to closely monitor and triple check all processes and not cause ignition flash points. They also only have one ore source so unlike a company like SLR which can mix oxide ore with sulphide ore to get the correct specific gravity in the agitation tanks to prevent silting its going to be more difficult for EVG to get that balance. Probably many other reasons to.
EVG Price at posting:
18.0¢ Sentiment: None Disclosure: Held
