Ann: June 2018 Quarterly Report, page-2

It's all there in black and white. Confirmation that management is continuing at a rapid pace to do everything possible to be mining Malingunde - one of many deposits by 2020.

So the catalyst in the SP decline could be geographic/political risk. Well that has always been the case has it not.

The market has observed there will most likely be no outstanding news in coming months along with further delay in passing of the new mines and minerals bill.
The PFS will not even be a game changer as it will confirm that of what the company has already flagged - all be it confirmation in the form of a PFS is highly regarded.

It's just time holders. Time for the mining bill to give clarity - mining license to give certainty - trasport logistics binding - offtake agreements. Project finance is minimal and will be easily achieved with various options.
This can take several years in my view as it's paramount as they are doing - that everything is done at a very high level for the green light and the smooth transition to mining deposit 2 and 3 and so on.

Well done to management and staff - keep up the great work.