new rail line announced, page-11

The project is simply at a stage where it is not possible for a mining license to be issued yet, even as progress is being made it is not at that point.

No one is saying there won't be any road bumps along the way.

It is a rather known fact that political/sovereign risk is inherent in almost every investment, not just resources related, although the extent and people's assessment of it differs.

Here, the same could be said with any other company which hasn't been granted a mining license because of the stage of development that the project is in (would have thought this is a given investing in junior resources companies). In my humble opinion, it's not a fact that deserves to be accentuated on, compared to some of the other factors that have been commented upon...