Water Licence 5C, page-42

OC16,my original pick for price by Christmas was 75c. A lot of that was due to income produced by TT. When it reaches actual production and income, I suspect a jump in share price. If it happens before Christmas then yes I agree 50c could now be reached.
TT has kept being put back, always with another excuse. We had the mid year cap raise from the SIs with all the extra lurks and purks because the original time frame didn't happen.

My suspicion is this timeline set out by the company may also be a bit late, as the last photos of the tailings dam still had a large section to finish. If what FG states is true then the dam must be finished, inspected and ticked off (hopefully no hitches there), then that goes into the department for final ticking off before permit issued.
To me that does not sound like a process that will take 2 weeks. More like 4-6 (or longer) from my experience in dealing with water permits for ag purposes over here (Vic).

By Christmas, hopefully wet commissioning will be well under way, but it will be sales that really give the SP the kick along.

Remember from a market perspective, this has been about 6 weeks away for the last year, so another very likely delay will be seen as a negative, but actually earning income a very big positive.

We are also assuming all wet commissioning goes according to plan, plus recoveries are according to plan. Often it takes mining operations a bit of time to get recoveries up to the planned levels, getting them straight away would be unusual. Against this background the company is spending a lot of money, over $6m planned for this quarter, with $5.1m in the bank.
Luckily the 'safe hands' have been cashing in their options, it is interesting that the company is relying on that income, plus the TT income to finish with a positive cash balance this quarter.

Money shouldn't be a problem at all, as borrowing a bit wont hurt, but the market is not likely to push the SP up to new highs before income starts flowing.