I would not be to stressed about TGA. I had a colleague take a meeting with a CEO of an unlisted MM company based in Melbourne. As an industry insider he was not worried about the TGA license which was surprising. He thought the bigger listed companies would get first crack (good for MXC) but one only has to look at Canada's initial license process, which they gave out only 4 in late 2013. The current list of authorized license holders now sits at 35. If a CEO of a MM company with less reputation, capital and no ties with any research organisations is not particularly worried this bodes well. The licenses will come it's just a waiting game.
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