This permit discussion quite interesting.
My understanding from these posts is permits approved with certain conditions imposed. Presumably those conditions require either an inspection and sign-off, or construction of certain facilities which requires funds the company doesn't have.Plus the company has several pressing items for which fudns are needed.
It would not be a huge surprize therefore that the mill can't be operating by September because of bureacratic delay,lack of funds to meet conditions.This type of situation is not uncommon in mining industry and frankly without someone who knows lay of the land locally, hard to project whether company will or will not be able to operate the mill in September/October- though company has forecast those months.Seems pretty aggressive to me but all the credit to them if they can pull it off.
The other item of interest is the impression I am receiving that once permit is received without conditions that this will all of a sudden generate instant financing, and one just flicks on a switch and one is producing cash flow. Now it is possible CFO has convinced some financing source to fund upon receiving the permit without conditions, I can be pleasantly surprized that mill can be made instantly operational, and ore all ready to be shipped to mill, and workers can be found quickly with experience in this type of mill, and all mill supplies can be ordered quickly.
I still think this is a good short term speculation,and could be a fantastic one as market gets more comfort they will produce, whether now or next year. Now CFO just needs to pull a rabbit out of the hat to keep the progress moving forward and the lights on !
