I think he was simply referring to the fact that they will secure the ability to get to production and that they need to happen within the next 12 months.
No one would be expecting us to be mining in the next 12.. It would take that long to got from initial to complete construction let alone confirming whats in the ground, as you said, 3 years hear would be the target, min 1 year to measure, if a solid jv or sp spikes due to market realizing what the ore is worth and a wonderful CR, we could be up in two or a little over..
We are a little behind some of the other hopefuls out there, but i can see the positive in that being that people will look for the low MC opportunities once they work out that Lit and Graph are the absolute short term future of the mining world, along with a short list of others..
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