Hi All,
I have been following this company from the sidelines for a number of years from a bauxite perspective and they still only have mineral development licence which is not a mining licence in Qld. Last I looked a year and half ago they were progressing with a consultancy firm for progression to the mining licence but this has not occurred as yet so the premise that they have a proven resource ready to go is simply not the case - not in the short term at least anyway. It takes at least 2 years normally to get a licence based upon environmental and other resource requirements. No mining going on here for a while I think. Maybe the hemp will lift their spirits or they can hock it off to someone I suppose!
QBL Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held