Saturday, July 15, 2017 1:10:50 PM
this is an entirely different news release than the one I was referring to, which was only a month or so old. On that one, if you used Ctrl-F, and tried to find the word "permit", it would come up empty. Anyways...
Okay, a demonstration plant and research under an exploration permit (50,000 mt of raw feed input) is an entirely different animal than the extraction and sales of material from an exploitation permit (50,000 mt of processed output.) I thought you were referring to the latter, in your previous post. You can mine in all three types of permits, to one degree or another. You can only sell material with an exploitation permit. A pilot plant is not a commercial mine, right?
NSRC is still one step removed from that. If they had a legal/official exploration permit, only time, money, and energy would have stopped them since the PEA was published. That's why they correctly state "will initially be limited" (future), instead of something like "are currently limited" (present).
Here are a few links that will be extremely helpful to you, and make things more clear, just in case you haven't seen them before:
From the Bureau du Cadastre Minier de Madagascar:
Exploration Licence (PR): http://bcmm.mg/en/pr/
Exploitation Licence (PE): http://bcmm.mg/en/pe/
There is also a link to view the Mining Code there, or you can download it here, for a personal copy:
http://www.eisourcebook.org/cms/Feb%202013/Madagascar%20Mining%20Code%20(in%20French%20&%20English).pdf
Cheers,
Luke
P.S. I am getting ready to leave all these message boards, for myriad reasons, so please do not take it personally, when I stop replying.
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