I believe December 16th 2021 is the date that “substantial work” needs to be done.
These activities include, but are not limited to:
access road upgrade ground clearing main communication tower, communications hut and access road construction of Kakarook North Borefield stripping and stockpiling topsoil for Ambassador North clearing and grubbing vegetation operational airstrip
Mike has previously said VMY is the one that determines what is “substantial work”, but some have doubted that claim (as it doesn’t make sense for the company to be the ones determining this)
The three WA government approvals are a prerequisite for the work to be done.
so I think there’s quite a bit to do, and it all takes time for machinery, contractors, building, etc - assuming there are no major delays
some people think it’s already too late that the approvals have still yet arrived (was initially expected end June) and have sold their shares
others are still confident and holding
hope that helps, and if anyone has more information or can clarify/correct my post, please do.
VMY Price at posting:
9.8¢ Sentiment: None Disclosure: Held