KRM 2.94% 3.3¢ kingsrose mining limited

Ann: Way Linggo Project Update , page-9

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  1. 2,459 Posts.
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    Zekane - you have correctly stated that Way Lingo is not "out of action" however no real mining is now occurring as they make the mine safe in the lower levels because of unstable ground conditions in the upper levels. They mention the main activity as being development work and proving up the exploration of the silver vein......it does not seem like much actual production will be occurring for a while. So whilst not out of action I might have said better "effectively out of production".

    This is why the need for another production downgrade. It has nothing to do with the prior production downgrade due to Talang Santo. It is due to reduced production at Way Lingo.......we now await the new estimates of production but I guess one can expect another substantial downgrade for now........
 
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