G'day all.
So after a couple of weeks the raise - placement is complete except the minimal retail allocation. This raise was raised (pardon the pun) back in September when the topic of EIA/CAPITAL RAISE was being touted and discussed. Anyway it's done and we move on - done and dusted.
So to for 2020 pretty much and all its achievements by GGG for which we all know and I will not list, however we would surely agree it's been company making year and the reo's market has moved from luke warm to pretty hot. Market looks forward - 2020 is done and dusted.
2021 Will expand on the great progress throughout 2020 and conclude the exploitation license - mining license process. It will also see the Definitive Feasibility Study completed and binding mou's in off take agreements and project funding. I can GGG being in the absolute drivers seat with these mou's in what will be a very hot reo supply/demand market - of course it is of no consequence if a Mining license is not in place/granted.
2021 Timelines. Very difficult to pinpoint with the exhaustive translations being the most time consuming. Using Dundas Titanium timelines as I have previously when I came up with mid 2021 for a mining license I will again expand - however it's just an assumption and the only comparison available.
FEB - 2020 Dundas EIA compliant with MRA to move forward with public consultations.
Early SEPT - 2020 the 10 week public consultations concluded.
THAT IS SAY - 6 MONTHS FOLKS with what appears the translations being time consuming - as we well know.
Now Dundas post the conclusion of public consultations are preparing their white paper - already 3 months - appears again translations time.
Then onto the MRA for final decision.
Late SEPT 2020 - GGG receive MRA approval on EIA compliance to advance to public consultation.
Now we are awaiting translations - at proof read stage. Remember Dundas took 6 months to conclude public consultations and I would firmly believe the GGG EIA documents to be somewhat more extensive regarding time for translations.
I suggest mid January for public consultations to commence the 10 week process.
1st April public consultations conclude - thereabout. That folks is 6 MONTHS in line with Dundas. Remarkable i conclude as our translations - our file would be far more extensive than that of Dundas.
White paper to prepare to MRA again extensive translations required. I can only approximate 4 months. Understanding past complexities and EIA re submission the company would be taking extra time to deliver a top notch white paper to avoid any delays. That folks takes us to 1st SEPT 2021.
SEPT 2021 onwards for MRA to review the white paper submission and award E/L - M/L. Providing the white paper is approved. Again approximate 10 weeks.
That all being equal is MID NOVEMBER 2021 for a M/L and then the other remaining/following negotiations conclude thereafter. Dam fine by me - processes are processes. In the meantime all other afore mentioned progress is occurring all the while the reo supply/demand market is reaching boiling point and the SP will adjust accordingly.
That is my summary. Go Doc Mair and the awesome team - your many years of championing this project is soon to be reality.
Special mention to the long term holders - I really hope your rewards will become reality.
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