I think the market would want to see some sort of deal done sooner rather than later. Something that supports that change in approach and move straight to new full project DFS.
The permit application that is already lodged and awaiting approval is for 100K tpa. So they would need to lodge another application to go bigger wouldn't they? We all know how long that takes.
I would like to see the company more transparent on the environmental, social and permitting issues.
What happens to the approved permit for the 25K tpa that was supposed to be for stage 1? I assume that had some environmental process and remediation elements that would need to be demonstrated. Do they need to rehabilitate as part of the larger permit approval?
No point having a product and a customer of you can't have a mine and refinery plant ready in time to meet demand.
Ann: $10m Institutional Placement, page-21
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