Hi all
Just did a bit of reading on London Mining and their exploitation license. It was lodged in the second half of 2012 and the exploitation license was granted on the 23rd of October 2013 (let's say 12-15 months after lodgement).
One of the key factors was at the lodgement of the exploitation license there was a second lodgement being the construction license. This lodgement is still pending. I don't know where IBG sits with this, can anyone elaborate?
London Mining Market Cap is £41.53m. One more inetresting note is the CAPEX to get this one started - pre production capital investment of 2.35 billion U.S. dollars.
IBG CAPEX to get started - US$429.3 Million (contingency included). This is a big positive for us.
Just keen to understand if we will be held up with construction lisc. like London Mining. Any thoughts would be appreciated.
Cheers.
Exploitation license - timeline once lodged
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