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"PEA"
pimpboss
4/16/2012 10:10:01 AM
Here is a response from Mark McDonald:
"Nice to hear from you again.
We are expecting to release the mine scoping study, the metallurgy flowsheet and then the PEA in that order. In the Herald article by John Demont he mentions that the PEA was expected in 'the coming months'. The Demont article was written after a long and detailed discussion with Jim McKenzie and myself pertaining mostly to macro economic issues around the WTO complaint about Chinese REE export policy.
The very specific timing of these releases is difficult to forecast. That being said as per our communications this year we are targeting April to have these individual reports, from our partners, completed. Since the 'mine scoping' and metallurgy reports feed the PEA they will precede that release. The reports are complex and need to be distilled for the public and specifically our investors. Press releases authored by our administration team are then reviewed by our technical team and approved by the executive and importantly, an independent 'Qualified Person'. This process is sometimes protracted.
We are very pleased with the quality of these reports so far. The Mine Scoping Study by Stantec Engineering is complete and we are currently finishing the final technical reviews so that we can release its conclusions very soon. The management team are impatient as are most investors that I deal with. Notwithstanding we can not afford to rush these releases as they include vital information that will be studied very closely. Our investors and partners have come to expect a high level of quality across our communications suite including our press releases, newspaper and magazine articles, website, social media, apps, corporate presentations and the Ucore TV videos that we release regularly. We will not sacrifice quality for timing.
John Demont understands the nature of the business and may have given us more elbow room than we need to deliver the expected releases.
We at Ucore in partnership with Knight Piesold, Hazen Research, Stantec Engineering, Lintek Engineering, Wardrop (TetraTec) Engineering, Aurora Geosciences and Acculabs under the direction of Ken Collison are working diligently to get the above mentioned partner generated reports delivered this month and the information released to the public forthwith.
Best regards,
Mark"
www.stockhouse.com/bullboards/SymbolList.aspx?s=ucu&t=LIST
pimpboss
4/16/2012 10:10:01 AM
Here is a response from Mark McDonald:
"Nice to hear from you again.
We are expecting to release the mine scoping study, the metallurgy flowsheet and then the PEA in that order. In the Herald article by John Demont he mentions that the PEA was expected in 'the coming months'. The Demont article was written after a long and detailed discussion with Jim McKenzie and myself pertaining mostly to macro economic issues around the WTO complaint about Chinese REE export policy.
The very specific timing of these releases is difficult to forecast. That being said as per our communications this year we are targeting April to have these individual reports, from our partners, completed. Since the 'mine scoping' and metallurgy reports feed the PEA they will precede that release. The reports are complex and need to be distilled for the public and specifically our investors. Press releases authored by our administration team are then reviewed by our technical team and approved by the executive and importantly, an independent 'Qualified Person'. This process is sometimes protracted.
We are very pleased with the quality of these reports so far. The Mine Scoping Study by Stantec Engineering is complete and we are currently finishing the final technical reviews so that we can release its conclusions very soon. The management team are impatient as are most investors that I deal with. Notwithstanding we can not afford to rush these releases as they include vital information that will be studied very closely. Our investors and partners have come to expect a high level of quality across our communications suite including our press releases, newspaper and magazine articles, website, social media, apps, corporate presentations and the Ucore TV videos that we release regularly. We will not sacrifice quality for timing.
John Demont understands the nature of the business and may have given us more elbow room than we need to deliver the expected releases.
We at Ucore in partnership with Knight Piesold, Hazen Research, Stantec Engineering, Lintek Engineering, Wardrop (TetraTec) Engineering, Aurora Geosciences and Acculabs under the direction of Ken Collison are working diligently to get the above mentioned partner generated reports delivered this month and the information released to the public forthwith.
Best regards,
Mark"
www.stockhouse.com/bullboards/SymbolList.aspx?s=ucu&t=LIST
