Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8

well a few things:

1) first official acknowledgment that were in no mans land when it comes to feasibility studies. supposed to be DFS, now may be PFS but literally nobody knows right now because reasons.

2) first official acknowledgement that we have environmental issues and concerns that may be an obstacle to the completion of the project unless resolved. others have alluded to the fact that this is going to be a problem for all future mining projects in queensland, and the requirements may be untenable, but GRV isn't going to change government policy in this space. it'll take repeated failures by many mining/explorer companies before policies are reconsidered. or lobbying by a major.

first through the door gets shot.

3) and sort of an extension of the first, timeframes being blown right out. who knows when this will pay off. if ever. I know they're saying we should have answers by June, but for anyone whose been following this company for more than 2 minutes will know every single milestone has been "just around the corner" for the last 15 odd months. and here we are, still at the beginning.

this is becoming very very lazy money.

others have highlighted this in the past - maybe there is a good reason this deposit has sat unimproved for literally decades. I'm starting to come around to that train of thought.

all my uneducated opinion only. not advice. dyor.