From the last quarterly report - released Feb.2016.
http://www.ggg.gl/docs/quarterly-reports/December-2015-Quarterly-Report-Final.pdf
With this transitional phase, and the challenging global economic backdrop, the Company has completed major cost-cutting initiatives to appropriately streamline the organisation. With major multi year technical work programs coming to a close in 2015, this has seen a reduction in both technical and administrative staffing, and a reduction in corporate and general overheads. The Company is anticipating a research and development rebate from the Australian Government of approximately $400,000 AUD in mid-2016.
The Company hasn't released any updated time-lines on the project for a while now, so don't know where the 2020 figure came from - media speculation maybe?
DYOR - Cheers
From the last quarterly report - released Feb.2016....
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