just watch. an open cut mine does not take that long to bring online. Nor do the rumours of the terrace that influntcial people in the company sold out and went on lengthy holidays.
Clive Palmer can buy out a canadian listed company, undertake all the engineering studies, build infrastructure and get coal to market in Aust quicker than this company can get off the ground. Its open cut shallow mining, piece of cake really! what year does bhp plan to bring on there potash project? (2015 - a more complex project)
Ask yourself, why aren't more drill rigs on site? It's not deep, and the terrain aint hard. Why no cap raising to accelerate exploration? why did the market sell off when the timeline was put at 2016?
time will tell, but question management and you will find un answered questions.
STB Price at posting:
$2.23 Sentiment: Buy Disclosure: Held