Tanzanian Mining Commission Formation, page-119

I should note the below excerpt from the March quarterly:

An update of the Epanko development plan has commenced to incorporate aspects of the new Regulations and the Company remains focussed on expeditiously finalising the remaining regulatory and debt funding arrangements. Kibaran is well positioned to comply with the new mineral legislation in Tanzania, having completed an Equator Principles compliant bankable feasibility study that satisfies International Finance Corporation Performance Standards and World Bank Group Environmental, Health and Safety Guidelines. The Project development plans are consistent with the standards required by the new legislation and have been subjected to rigorous independent due diligence by bank appointed engineers. The bankable feasibility study incorporates conservative design principles, costing and pricing parameters, significantly de-risking the proposed development and Epanko is the only new graphite project globally to have satisfied this degree of independent scrutiny.

If we’re not quite ready I’d say we’re pretty damn close. Spinks buying on-market might just be an indicator of how close we are.