Ann: Award of Exploration Permit and Drilling Northern Extension, page-26

Yes, that's why I find ADT so attractive. The upside is definitely not captured in the current price. Perhaps people are worried about the jurisdiction. The other very significant thing is that the company will not need to go thru all the processes for getting a mining/exploitation licence since there is already one in existence for Veovaca. ADT management think this eliminates 90% of the approvals process. This is as attractive for the ADT suitors as is the final definition of Rupice and other targets.