“During the quarter, Tetra Tech advised that, due to manpower shortages and scheduling difficulties of staff, the March 31st timeline for completion of the Feasibility Study would not be achieved. The delay in completing the Mine Plan, a critical component in the Feasibility Study, has delayed the completion of the Feasibility Study until mid-late summer, 2012.”
The management’s message was repeated in this NR dated August 2nd which said:
“The feasibility study is being led by Tetra Tech Wardrop on a minimum 120,000 tpd open pit mine and is expected to be completed by late summer, 2012.”
And less than three weeks ago on September 4th, CUU.v confirmed the delivery date of the long awaited feas study:
The feasibility study is being led by Tetra Tech Wardrop on a minimum 120,000 tpd open pit mine and is expected to be completed by late summer, 2012.