Ann: Quarterly Activities Report, page-4

Correct assumption. I suspect a timeline won't be released until they have completed a feasibility study. However the mining lease is significant as this ultimately governs whether the company can dig up the resource. In my opinion it is the next major milestone and more important than a feasibility study (assuming the feasibility study checks out). When business relies on the efficiency of government then patience is required. Long term V holders are well accustomed to that fact.

Bruce has shown he is very methodical. To date he has been checking off the required milestones before releasing unrealistic information. Unfortunately this may not be what the market wants, however it is in the best interest of the company.