What everyone here keeps forgetting is they have the mining licence!!! That means they can commence drilling as son as the plant is recommissioned or within 5 months of the feasibility study.
More interestingly It also means that should a t./o eventuate - a certainty in my mind once the resource hits 7 digits - then the new player can drill straight away without any red tape.
How many people reading this have sat on a junior resource ASX stock waiting YEARS for the red tape to be cut? Its not BS. It can take 2 years to get Government approval to mine in this country. Two years! That's one helluva saving in time and money for anyone on the acquisition trail.
This company will have a big target on its back very soon.
What everyone here keeps forgetting is they have the mining...
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