CGB (ASX) QBL AGM Summary

Originally posted by Merleredneck ↑

MY best guess is No.

I would think that the full measure of 12months would be at least necessary.
I would think early-mid 2016 a better guess, which would time well into the bauxite prices rising.

What do i base that on.
I have asked the company in email, on EIS and permitting. There is your starting point.

The company wont do the EIS, they would use specialized consultants who do it on their behalf.
But seemed to think that the applications could be ready to submit first half of 2015, so maybe they have some idea of degree of it all.
is their case any easy one? i dont know, but presume it so. Free digging, where farmers already plow.
Its Bauxite, not uranium.

What follows from that? mining planning, capital items. perhaps some port stockpile areas preparation.

Does that take the full 12m? probably. and then into 2016.

Not long in the scheme of things. Its getting each de-risk phase ticked off, that will allow the share price and company valuation to steadily change from the spec perception, to one getting the the right sector advantage.

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Good post and honesty.

I see a few short-comings. First off, you cannot submit an EIS without atleast a PFS and you won't get one without a clear plan for reject/waste disposal, maintenance and truckwash facilities clearly designed for environmental containment, fuel usage bunding and containment and a plan to redirect/relocate creeks where they interact with the mining boundaries. Which across your 9km2 I'd say there are a few.

Secondly, I'll let you know now that if a creek is deemed (which you can find from the links I posted earlier) to be 'life containing' you won't be able to mine there. You'll need an environmental specialist to go through your proposed mining plan and pit dimensions then submit the permitting post PFS.

You can do some of this parallel mind you, so there is that positive, however I haven't heard of a mine go from first resource to mining in less than 2 years, and most time its 3-4.

Ring the agencies I listed and ask for their thoughts. It would be worth your time.