RE: Let us not forget21 May 2018 23:31
First thought it was from submission but then found out -
The applications, which are currently being reviewed, were submitted to the Ministry on 18 January 2018 and the mining cadastre reopened on 2 April 2018 following its annual closure. The Ministry has six months from the date of the cadastre reopening to respond to the Applications, although this can be an iterative process.
Unless something jumps out at us re Moz, it will really only start to add additional price benefit at the start of 2019, just as Portugal peaks to investment decision and Oman should be in production and earning money. Keeping upward pressure on the price hopefully. Moving from 20 to 35% is a 75% increase in value for Moz! However the mining lease could drop anytime, but for me i'll pencil in end of Oct, with year end back stop. We have been giving money to local projects, the submission was super thorough so we can't do anymore than wait on slow admin. Plenty of time to get it, but doubt move to DFS until it was received.