Remember that an MOU is a non-binding agreement and is basically a show of good faith only.
having said this I would expect that the 80/20 rule applies here
ie 80% of the terms were agreed on within the first meeting and the 20% left (small details) are the ones that are dragging this thing out a little bit.
Mining by Feb was always a best case scenario as far as I was concerned and probably a little ambitious given the various holdups that inevitably occur in such a complex process.
The Company ticks all the boxes as far as I can see and as such I have loaded the truck and filled the boots ;)
1 - Strong Management 2 - Simple, transparent project close to established and ACCESSIBLE infrastructure 3 - low capital costs 4 - cash at bank
BAU Price at posting:
27.0¢ Sentiment: LT Buy Disclosure: Held
