It depends how you define continuous disclosure. Lets say the DFS covers 30 pages for arguments sake. Across that 30 pages there will be market sensitive numbers, calculations, assumptions etc etc . Does that mean the DFS progress, as these matters are quantified, must be reported on each time a critical ( market sensitive) point is reached at some part of the document's development that it has to be disclosed. Nope. At the end of the day the timing of the release is up to management and if they want to sit on it ( assuming they consider there is no risk of a leak from the parties involved in preparing the DFS (which we can reasonably assume to be the case since nothing has "leaked" so far) then they can sit on the DFS until the time is deemed appropriate to release it. No different to an exploration company receiving results of drill holes which may extend over some days or weeks as the results dribble in. Do they have to disclose each and every drill hole result as the assays come to hand, even if each assay has "material value". Nope, they often batch the results and report them when they choose to do so.
VR8 Price at posting:
8.7¢ Sentiment: Hold Disclosure: Held
