Ann: Quarterly Activities Report, page-5

At the risk of being boring my view from last month
"I think we can be reasonably sure about the Brazilizn licence coming through. There is a bureaucratic/political struggle going on at the moment in an attempt to centralise more of the mining approvals. The Brazilian Government needs the royalties it gets from mining production..ie getting the stuff out of the ground. The current approval process is slow and cumbersome. Various local authorities range between incompetent to just managing with a lot of local minutiae getting in the way. It will become more streamlined and CTM will get the go ahead. In the meantime it is a bargain buy.