Denver said "don't get me started" and in more than one sense he is dead right.
The Ann of yesterday and parts of the Quarterly Activities...: if I did start, some posters would be all over me for the length of my post. I am not silly enough to not realize that with FNT I would not be well received if I take the contrary path, and also as I and family are also holders of a significant number of shares (by my modest standards), the last thing I want to do is talk down my own stock, but honestly, if FNT in their collective wisdom now (after yesterday) apply for any more ELs I swear I will scream. (If they achieve the monetary capacity then by all means expand.....their expertise is a given so that aspect is not a problem, but money is, and the Minister has tied Sinivit to that capacity.)
Thus, since I can say absolutely nothing good about this I will only venture to say : between now and late Sept in ENB is the wet season, and when it is very wet even the seasoned hard cases who live there seldom venture out in the rain.....raging rivers where roads disappear overnight etc . An 'all weather road' is subject to maintenance and though I have not traveled it lately, regular road maintenance in ENB is lacking. The "mine" site itself and surrounds is anything but user friendly in the wet. Tropical rain forest, mountainous in places, and clay as slippery as you can imagine. No paved roads there.
On Andewa we now have a JV with ourselves, right hand to left. Our initial 1.5 year budget is net $20,000 of $50,000 (as 30,000 is to recompense earlier spend). To be fair to NCM they spent some $8m. and as I waited expectantly for results to raise the SP of my holding, they found nothing at all of significance. Some have suggested NCM did not do a good job.....if this were so, why would we want them back? They held on to Wafi Golpu (now an elephant size deposit by world standards) and let Andewa go.
I trust for the best, as do all, but caution may be in order., and not Henry the Great's "l'audace, l'audace, toujours l'audace".
Have a nice day all.
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