EMM 0.00% 0.7¢ electrometals technologies limited

re: why the change at goldspring WatsoThe explaination for the...

  1. 396 Posts.
    re: why the change at goldspring Watso

    The explaination for the change should not be taken as a reflection of any shortcoming in the EMEW facility or technology. Goldspring originally expected the EMEW plant to be extracting commercial grades of gold in the leach stream.

    Unfortunately for them, their expectations didn't match reality and there was damn all gold available for the EMEW plant to extract. As a result they shifted the EMEW facility to where it would be economic.

    My read of all that is that the move should not be taken as a black mark against the potential of the EMEW facility.

    Still, unless EMM rack up some significant sales they will stay languishing where they are.
 
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