When a mining right application is lodged the clock is set at 300 days, so we are no a tad over 180 days, implying a decision around February 2019. As we get nearer this date and things start to look rosy then we could well be in for a nice re-rate.
The more immediate points of interest are securing the mining permits which will increase the current area to be mined by 10 hectares in reasonable high-grade ground. That will kick the cashflow north quite a bit.
As for the other assets, they should get farm in deals or offload them, as the prize is all about the Wits, Wits and Wits for good measure ... In the interim, hold the course and wait as that is the winning formula here ...
When a mining right application is lodged the clock is set at...
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