Update - latest VOX interview26 Sep 2018 19:52
* Strong Management Team
*Committed to keeping shareholders up to date
*Permits are nailed on
*Relationship with Minister of Economy (Our guy) happy to have met GEO in meeting over 1hr and great to have introduced him to the company and drive home the opportunities available in Georgia. Recognises application is quality and is looking to confirm with the Prime Minister next week if possible. Was really engaged with is and very positive in relation to employment and junior miners.
*GEO taking part in new Mining code (EBRD) which the government are looking to introduce - less red tape but great to have GEO contributing to this initiative so we can assume they view our work as important. Mike is very optimistic.
* Gold Oxide is a bonus but again the colper sulphide layer below is what it’s all about. Drilling at 250m showing feeder stuctures but going far deeper to find the limits of the ore body.
*Future operations already being planned in-house (minimal cash-burn) and the work programme with testing & validation also being conducted at the same time.
*Expecting the final permit to be approved within 2-3 weeks (PM is away this week). Minister of economy endorses the permit, goes to finance, agriculture and finally PM.
*Understands the urgency but again has verbally given his support to GEO.
3 reasons to get into GEO:
1) 30 yr mining license on large deposit in Tethyan belt (proven mineral resource area). Over a dozen prospects.
2) massively undervalued at this level and people should be looking to get involved at these levels.
3) top management team committed to delivering shareholder value and Mile is confident to doing great things in Georgia.
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