Trees, I can't see why a group like Patersons will provide underwriting to a venture that has no hope of even getting a renewal, which is the only way forward and the Co's first step.
They have delivered the BSF, which was the only condition to have it awarded(as far as I understand), so therefore it 'should be granted'. Now to have the Mining Licence awarded will take a lot more work including:
Financing/JV
Native approvals
Further Metallurgical work
If we get a JV onboard with substantial experience and position/s on the board this sp sould go....
I own only RMIO but feel the RRI is not my way so will not participate. Believe this can be a good investment but the CO. will have to ensure they achieve ALL milestone's on time and budget to maintain support from shareholders.
Jazza
ex entitlement date???, page-16
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