Nothing wrong with the resource but for an individual playing hard ball:
’The holdup of the granting of the ML has come from an unexpected unforeseen issue with the Grazier that leases the property for grazing cattle from the QLD government. Ausmex offered compensation and an independent valuation for the area of the lease, not accepted by the grazier. The land court is expected to make a determination/recommendation before end March so the Mining Lease can be granted. Plan of Operations is ready to be lodged.’
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Ann: Ausmex Gold Production Update, page-2
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