No sure but what sort of study takes 80 FTE? surely a typo....
SEPCO and its subcontractor China ENFI Engineering Corporation (“ENFI”) have had more than 80 personnel engaged full time on the Study
Also its a lot of meetings...
"includes weekly meetings between SEPCO, other members of the Consortium, and Kore Potash management"
"Kore Potash management continued twice-weekly meetings with the Consortium to remain briefed on the Consortium’s progress towards forming its debt and royalty financing proposal."
Maybe looks like they are just spinning their wheels? Its interesting they are discussing cost reduction initiatives, relocating plants etc, before anything has started, maybe the early work on this stuff was crap and things too expensive...
Anyway they have stated on track, news coming, cash in bank and looks like the Government is positive... as you say looks pretty good.
Seems like the big bet for the rest of this calendar year is the interim version of the report - I'm happy to hold out until then, macro trends are working in their favour as well but only a small investment for me...
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