I suppose management can only position GRV as attractive to buyers if they have some positives to sell. There is much missing data and obstacles ahead that would deter a serious investor:
* No updated MRE.
* Still incomplete testing and results from Test 4.
* No bulk sample results or certification from Technix in NZ..
The above are necessary for the PFS.
A serious investor who has been watching would be aware that GRV. with almost no exception, does not meet timelines.
More:
* No information on when or how a Pilot Plant may materialise. The Pilot Plant's operation will be critical to finalising the engineering design and development of the real deal on site.
* Environmental approvals. This will be a big one, and will take a long time and can certainly be a show stopper.
* Marketing. This can not happen in earnest until at least a positive PFS appears. Even then, any potential customer will have caveats in place.
I am hopeful the project eventuates, but the level of information and enthusiasm from Management and this forum are daunting.
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