well it looks as though everything is on track for construction...

well it looks as though everything is on track for construction by end of year, as last forecast.
the significance of this is much greater than the fact of project advancement alone.

we now know Oman is good for it's word, that it has overhauled it's entire bureaucracy in order to create a simpler process, that it welcomes and encourages foreign investment, and that it has supported Alara all along in its ambitious goal of kicking off a broader strategic plan to unlock some of the idle mineral wealth of the copper rich nation.

first mover advantage in a friendly environment where even a small (some might say "uneconomical") project can return a NPV of upwards of $70m. a successful pilot run at getting a project to construction.

really well done.
seems like the market isnt interested right now, all it sees is a small copper project in the middle east.
but with holders the calibre of PNB Paribas and Jay Hughes backing the business plan, i think we can all start to celebrate the fact that by next year we will finally be squaring up to mid-cap status. these guys, and our board of directors, who constitute a majority stake in the company, are not here to make small money.