Quest Minerals & Mining Corp. (OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky-based operator of energy and mineral related properties, announced today that in addition to supplying their mine with various transportation components, the Company plans to split their beltline so that it is powered by two head drives instead of just one.
Everett Hampton, President of Whitestar Mining, LLC, commented, "We have now moved our second shift into full production and added two extra man-trips to the location. This allows faster travel time to and from the mine face in order to retrieve parts; or just relocate crewmembers to other sectors of the operation. Less walking means more production. Also, we plan to split the beltline to install another head drive motor midway through the infrastructure, which will create less wear and tear over the long haul, as well as help accommodate our production goals of 2,000 raw tons per day."
Eugene Chiaramonte, Jr., President of Quest, stated, "My visit this week has addressed many of the issues concerning our ability to mine coal efficiently. Splitting the beltline and adding the man-trips were the two most sensible approaches to achieving our goals. White Star is doing an incredible job setting the mine up for long term production. I am very pleased with the result thus far."
3 comments:
I thought we had a BANG!!!!
We NEED production numbers and an exit plan from BK for this to get moving.These Mickey Mouse P/R's are gonna kill us as did the e-mail obviously!!!
Yep. Nobody cares about a belt or motor since this is all stuff expected (and required) of a mining company.
They get rid of the BK or have some really solid prod. #'s roll out and we can start moving!
if these additional shares hit the market do you guys expect a R/S? i'm still new to all this, but it makes sense to me that it would happen. if Eugene already has the ball rolling then i think it's a shame to temporarily flood the market with more shares to only bring them right back in in a few months (after BK). maybe it'd get things moving faster, but it'd be a hell of hit both times (issuance of A/S, and an eventual R/S).
any wiser analysis out there???
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