RMR Research Report (Brief)

Looks like I may have found the expected date for mining license. "16th of August."


http://www.rmresearch.com.au/wp-content/uploads/RMResearch-Flash-Note_GPX_20160727.pdf

"Price Catalyst  Offtake/project financing, granting of the mining license (August 16) and regional exploration drilling results from Shimba. Note that Magnis Resources Ltd (ASX: MNS) (situated 13km from Chilalo) has a market capitalisation of A$431m based on a 174Mt @ 5.4% TGC—key takeaway— this is as much a resource play as a near term cash flow play."


"RMR is maintaining its speculative buy rating on GPX on the back of the imminent granting of the mining lease, likelihood of further exploration success and additional JORC resources at Shimba, the conclusion of offtake and funding negotiations (China Gold and CNBM) and the attractive project economics. We will quantify the financial metrics in our initiating coverage in coming weeks."