RE: Mining Licence Application27 Jan 2020 07:58
Hi ARahim,
The study reads to me like the project needs quite a bit more work before a decision will be made on moving into development. But I am a mere mug punter so what do I know?! A good start though and the economics look compelling, although the recent test-work in China (has this taken place yet?) is not included in the calculations.
I am awaiting the mine development funding announcement before I get carried away here.. a relief that the application has finally been lodged but still a long way to go.. Could we expect funding for "pre-development" works via another RNS shortly? I would expect any positive funding announcement to have a serious material effect on the share price.