"As of November 14, 2013, the Company had completed approximately 2,300 metres of total development; 1,500 primary and 800 metres secondary development. On July 15, 2013, the Company announced that some dewatering wells (bores) and pumps were not performing to design specifications and, as a result, the Company required additional dewatering capacity in order to mine the Central Mineralized Zone ("CMZ") in a sustainable, effective and efficient manner."
Water problems are a killer and to have a massive large one foisted on unsuspecting types is real bad. Who is to say a zillion dollars will stop water engress? This ridiculous management?
|This company has lost all pretense of credibility and thats an easy judgement to make as the paper instantly drops to $ .72. A body needs to avoid this train wreck and gee whiz what a call.|