"I think we can be reasonably sure about the Brazilizn licence...

"I think we can be reasonably sure about the Brazilizn licence coming through. There is a bureaucratic/political struggle going on at the moment in an attempt to centralise more of the mining approvals. The Brazilian Government needs the royalties it gets from mining production..ie getting the stuff out of the ground. The current approval process is slow and cumbersome. Various local authorities range between incompetent to just managing with a lot of local minutiae getting in the way. It will become more streamlined and CTM will get the go ahead. In the meantime it is a bargain buy"

I re-post some comments I have previously made. My understanding is that once the bureaucratic processes are sorted out mining approvals will flow. There is no doubt that the incidents of the past did have an impact but I think the current miners are now very, very aware of the safety issues. CTM is certainly ticking all the boxes.