About 6 anns per month and nothing in August - management must be on bigger, sharper tenterhooks than holders to obtain the FML and announce it - and a project update. They're in the hands of bureaucrats - not usually much leverage available.
While the DNPM is a National body, the speed of approval still varies according to which State holds the property. Can't recall if it was Awoonga? who looked at progress time of other applications or whether the results were considered in relation to location in the relevant State.
Nevertheless, Brazil's licensing system is said to be very good, so hard to see that there would be problems, given that the environmental boxes have been ticked - a very important aspect of permission in Brazil.
AVB Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
