leverage through exploration and pog, page-145

"I still see a higher degree of risk than Chuk does, mostly to do with timing of path critical items. ie. I agree a mining lease is fairly low risk, however what about the timing to get it? (2 months, 6 months, 1 year, 2 years)."

FMX, permitting is not a critical path.
The time for permitting is much shorter than the likely time to go into production.
They will want to know how big this is going to be before making a decision on plant size etc. Your 6 months is about right on likely time for permitting but chances are we will not be producing until the next dry season which is more like 12 months. Therefore even with significant delays, permitting should not hold up the project.

The 100,000 oz per annum you mention is well below the current mine plan of the scoping study with an average of 130,000 oz over the first two years.
That is a big number for a 27 mill capex gold mine.