Agree totally with your sentiment here mate - why waste time and...

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MattK33

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63

01/07/22

22:36

Post #: 62329892
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Originally posted by barmy44: ↑

I dont think it's bizarre, it's practical.

Happy to be corrected, but as I understand it...

Major Project Status is a Commonwealth designation, and assists in applications involving at least one Commonwealth approval.

Stephen said today our approval is under State legislation, being the SA Mining Act. It seems from the presentation today, our approvals are all State based.

So it might give nervous holders some fuzzies having it, and maybe even spike the SP 10% momentarily, but it wont make getting the company to production in SA quicker or easier.

It's basically an unnecessary step. Stephen said we have a decent relationship with the SA Gvt.

I would liken it to renting a car on a Californian holiday - you could get a Cali licence for it, but given you can drive on a valid Australian licence, why bother?

I'd say a bit of the annoyance we don't have it (not directed at you personally, butca few people have asked why we don't) is that HIO do, and they're flying.

I'd assume that getting a mine to production in NSW involves a Crh approval or two, which is why they applied for it.

As always, happy for my understanding to be corrected if it is off the mark.

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Agree totally with your sentiment here mate - why waste time and resources on something that is of no benefit.

I don’t know about you guys, but I sure as hell don’t do extra work in my life or career unless I or my company get something out of it haha. So why would we expect this company to, particularly given it’s a micro cap with finite resources?

Re MPS, I know nothing about mining permits, etc, but my best guess would be that HIO have gotten MPS as they will be working across various jurisdictions (e.g. digging in NSW and transporting in SA), so it may be advantageous to them when dealing with various governments. But for MGT, why bother?

MGT Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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