Ann: MCB Project Mining Permit granted by Philippine Government, page-52

This is what I’d hoped for. MP issued, means de risk. Means (small) revaluation, actually 50% up from where they were trading before speculating began (1.0 to 1.1cents). New support.

Next, as has been mentioned by the company and other posters, the need to provide the government firm evidence of sufficient funding to proceed with mining within 6 months. FWIW it’s all in the company’s presentations. Hume has repeatedly stated that they are in regular communication with several parties. I’d assume funding of circa USD 250 million in return for skin in the game. Hopefully at a premium to the current SP.

Then off take agreements.

if and when all this in place, I’d suspect many deep pockets will be running the ruler over CLA. Don’t forget SVM, but in reality they are minnows.

Risk V Reward even more enticing than when I posted on NPVs a couple of weeks ago.