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Thompson Creek Metals Company Inc. Message Board

  • retaoba retaoba Apr 8, 2013 10:07 AM Flag

    Mt Milligan may be slightly behind schedule?

    Looking at the approximate (and admittedly ambitious) schedule of operational milestones for Mt Milligan on the TC main site, I see that by the end of Q-1 one they hoped to see 1) The truck shop complete, 2) SAG wrap around motor mechanically complete 3) Reclaim water ready for pre-commissioning 4) Primary crusher ready for testing. Based on the end of march release notes - TC states that 1) The truck wash is "nearing completion" 2) Work is "underway" on the pebble transfer tower 3) Work is "continuing" on the west separator berm of the tailing storage facility. 4) No specific news on the Sag Wrap around motor in Feb or March news.

    I would say they are maybe a month or a month and a half behind?

    Now granted. in there milestones it says they wanted to be in full production for Mt Milligan in Q-4 2013. We all thought that Q-1 2014 was more likely for that to occur. In 2013 I think, a partial production run 30%-60% could reasonably be expected if everything goes well and there are no "setbacks".
    It seems they are still on target to meet those goals. We shall learn more in the annual meeting on May 9th, I assume...

    Sentiment: Strong Buy