SDL 0.00% 0.6¢ sundance resources limited

mining permit

  1. 777 Posts.
    According to law firm Mayer Brown mining permits or exploitation licenses are granted by the President of Cameroon.

    http://www.mayerbrown.com/Cameroon--Opportunities-and-Stakes-in-the-mining-sector-03-29-2013/

    I can only assume that he is sitting on SDL's application for the moment.

    As mentioned in a previous post and IMO I'd keep an eye out for the ASX announcement of the grant of this license as it may indicate significant progress is being made.

    IMO this project is still a long way from being de-risked.

    SilentO

    this is not investment advice and I do not endorse or warrant any information contained in links on this post, look at them if you are interested, that's all.


 
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