I just looked up the conditions for the Class D.. It was pretty...

I just looked up the conditions for the Class D.. It was pretty aggressive schedule. I have included them here for anyone interested.

If I look, from his announcements, Wayne has had a pretty good shot at meeting this criteria but not completely..

I also took a look at the Class E Criteria for August 30th, 2016. Finding that potential DSO and the progress they are now making gives me some confidence he will meet those goals..

From the EGM announcement 15/1

"Vesting of the following types of Performance Options is subject to the following milestones:
(i) Class D Performance Options (10,000,000)
The Class D Performance Options will vest upon achievement of the following
milestones (the Class D Performance Options Milestone) on or before 30 August
2015:
(A) Progression of the Pre-Feasibility Study (PFS) in accordance with the
strategic direction of the Company, (acknowledging the current delay in
progressing the PFS due to the Ebola outbreak, the declaration of a State of
Emergency, and the Declaration of Force Majeure on August 12 2014.
(B) Finalisation of the preferred Mofe Creek logistics business solution, for the
PFS study including, but not limited to, ore trucking solutions, port storage
and loading facilities, barging and transhipment requirements and marketing
preferences.
(C) Formulation and negotiation of the Mineral Development Agreement (MDA)
and progression of the Environmental and Social Impact Assessment (ESIA)
baseline process in preparation for compiling an Environmental Impact
Assessment (EIA) document.
(D) Finalisation of the processing plant design criteria, including flowsheet,
Process Flow Diagrams and equipment design and selection, for a PFS level
of Project execution.
(E) Completion of a strategic business plan outlining the plant throughput
capacity, Project ramp-up, LOM plans and duration, along with Project
financials (NPV, IRR, DCF, CAPEX, OPEX etc).
(F) Development of a financial model reflective of the preferred Project funding
methodologies to be deployed for the PFS.
(G) Target and secure strategic funding for the ongoing progression of the Project
Studies for the Mofe Creek Project, in accordance with market conditions and
sources of available capital for iron ore projects.
(H) Structure the Board of Directors and Executive Team to progress the Mofe
Creek Project – from a corporate compliance and Project delivery
perspective."

DYOR Research. Not investment advice.