QBL need to find a buyer before they try to obtain a mining license. What would be the point of spending the time and money getting a license without having a buyer locked in? I think you need to have a read through all their Ann’s as a lot of the environmental and other requirements for a ML have been dealt with, yes there is still a ways to go but our main hurdle is finding a buyer. After sending samples out not long ago our team is now in China discussing potential partnering opportunities with several different bauxite refineries who have expressed interest in the south Johnstone project. I believe they have travelled there for good reason, either way we’ll know soon enough.
QBL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held