Re: UC Resources Provides Information Update
in response to
by
posted on
Dec 02, 2011 10:52AM
your comment about 'little positive and mostly negative response' seems to be a half glass full quandry. I read it as a very positive release advising why commercial production hasn't been met, but the $6m injection will resolve matters by q1 next year (we're now in Dec remember- not that far away. )
excerpt
The La Yesca tailings mill runs 24/7 and the company came very close to having the ability to be able to claim commercial production, but then ran into equipment, temporary power grid and flooding issues and other ongoing plant flow issues.
These issues have been addressed ongoing, but will be addressed substantially through the injection of capital required to augment the flow process at the mill to a more final production solution in the first quarter of 2012.
Following this period, the goal of the company is to operate the mill at a consistent run rate of 200+ Tonnes per day, which will result in the type of long term revenue run rates that will assist the company in achieving a number of goals in a number of areas.