I hope the main catalyst will be confirmation of the formalization of the JV... at this stage there has to be some concern that it wont proceed considering the most recent updates and delays.
The fact that Hongze completed the final part of the placements at 21c does give me hope however.
As far as I am aware there is no real drilling results outstanding but still some metalurgical results to come... those I would not expect until after the JV is formalised.
Ann: Company Update, page-4
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