My understanding is that a MDL is only used for providing samples to prospective customers, 200K tons is a regular approval amount. QBL have requested 800K
It is not used to ship commercial quantities
To further mine the area - a full mining lease (ML) is required.
The fact that QBL have requested a larger amount and have publicly announced they are expecting a commercial return, moving into positive cashflow as a result, would this hold up the granting of the MDL?
I hope not as the MDL is a key milestone, once approved there should be quick action, as the good thing about all this time for the ANN, they will have had pleanty of time to arrange a mine, transport and shipping plan and prospective contracts.
QBL Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
