Timelines
posted on
Mar 08, 2011 07:22AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
DW's comments about preparing the company for moving into the financing stage has me thinking. Given that a permit could come in less than a year from DAR submission, while it could be much longer, we have to consider the seasonal factor.
Moving stuff up the ice roads in Feb/march of 2012 would require financial commitments be made by about now, given the long lead time for equipment and engineering. So I think it is a safe bet that construction can not start in earnest until Feb 2013. However, there can be considerable "pre construction activities" in 2012. In order to have everythign in place for pre construction activities prior to feb 2013, those activities would have to be planned in 2011, so that any heavy equpment could be moved in Feb 2012.
That is to say that SOME decisions about those pre-construction activities could be made this summer, and SOME equipment and engineering studies looked into. Imagine if site prep work for the Winter Lake tailings dams, or the siting of buildings for the mill, or the preliminary work to begin blasting operations, or the site prep for the main buildings for machine shop / vehicle maintenance and other aspects that have to go in first, so support the overall construction of the mine and mill complex.
So even if they do not make commitments this summer, on what's needed to build the mine, they may be taking some incremental steps, in order to be in a good position to move some stuff up in Feb/March 2012. Fast approaching...
However, before raising any cash for this, it would be best to focus on the messaging that Tyhee has turned a corner. Focus on the Investor Relations, get the share price to sane levels, get the DAR in, make some noise and get noticed. Only then should they seek any financing.
So I have my elephantine ear attuned, and expect to hear some noise...
SKELEG