But the timing, i.e. Jorc by end of this year or early next year has not changed.
Working with landowners is normal so they don't drill graves and stuff.
First getting an exploration license is also normal...then proceed to mining license.
At current price the market basically values their potash/phosphate project at less than $1-$2m....heck maybe even at $0. At the moment it is being priced as if they won't be drilling at all, that there are lots of hurdles to overcome when in reality it is all normal proceedings.
Current market cap never suggested they'll be mining and making money next year so why the market is so spooked I don't quite understand.
STB Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held