not if, but when. I wasn’t expecting an announcement regarding the granting of a mining permit for some time yet, maybe 6-12 months.
Nonetheless, I expect the share price will start moving as the market realises that the granting of a mining permit becomes more certain. This could come as soon as this month if the N2 toll road gets the go ahead and the proposed route happens to conveniently bypass the site of MRC's Xolobeni Project.
On MRC's website, next to the heading 'Latest News' is the following statement: "Auger check drilling at Xolobeni completed with consistently higher grades returned". The associated activities report mentions no details about "higher grades". Anyone know what this is referring to?
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