"We haven't got mining license? Can anyone tell me how mining license is different to trial license?"
I am told ( but do not remember the finer details), that in Brazil part of the process of getting an environmental approval is that they allow you to begin mining. Should you pollute the landscape etc, they will not give you a mining license. I t cuts out a lot of the expensive consulting where you are dealing with unknowns in any case. For the company to be applying for and getting a trial license means they are well on the way there. It also means they will be in a cash flow positive state earlier (than Australia). The company must be pretty confident about proceeding with capital equipment etc, and their ability to mine in an environmentally safe manner.cheers
AVB Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
