I think the problem lies in a loose interpretation of the word 'shipment'. As i understand the way it will work with QOL is that a 'shipment' will be assembled at the mine site (as was the first Moly shipment by end June) and then nothing much happens until the Independant Surveyor takes his samples and sends them off to the UK for analysis. Not sure how available the surveyor is to QOL but the turnaround time for the UK analysis if 5-6 weeks. Hence delay. I understand QOL do some mine site analysis of their own and enlist the help of AEC in Perth - presumably to ensure the grades are within acceptable limits and not waste surveyor's time.
Once surveyor's analysis is available shipment(s) sent to Brisbane payment due when accepted by offtake partner - aceptance s/be a formality due to surveyor's certification and offtake agreement. So some revenue could be expected by end of this month - ??
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queensland ores limited
I think the problem lies in a loose interpretation of the word...
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