RE: Just a thought9 Aug 2018 09:46
The priority was to get the permits. MC had done enough to prove it was financially viable to produce and operate the mine and quite rightly in my opinion put all activity on hold pending receipt of permits to preserve the bank balance. There was no point draining the capital with permits outstanding. MC, like a lot of us, would expect a re-rate on the back of them being granted. We have had them 3 days so far, the news still needs to get out there, and I’m sure MC is not sat back doing nothing. Yes, I agree, the political situation has not helped our cause but hopefully that too can be resolved in due course. In the meantime Mark has the BFS to deal with.