You're not wrong there Barrier3, right on the money!
It's understood that all remains on track for Q2 production as previously announced.
1. Operating License pending - inspection a few weeks ago apparently went very well with all environmental conditions ticked off, no subsequent inspections required.
2. Mining Concession pending - just waiting for the sign of from the minister of mines and energy.
3. Port and Logistics contracts pending - simply waiting for Operating License and Mining Concession as they don't want to incur costs in the meantime.
4. Plant commissioning.
When the news hits it ought to lead to a significant de-risking re-rate, especially considering the Iron Ore price pushed through US$173 today. Sit tight!
Cheers
Pihrana
next leg up?, page-4
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