Development timeline as advised by GMC. Q4 2017 (Oct - Dec): *...

Development timeline as advised by GMC.

Q4 2017 (Oct - Dec):

* Receipt of all building and regulatory approvals for Kupang development
* Completion of smelter refurbishment
* Commence DSO Sales (Subject to approvals)
* First two smelters shipped to Kupang

H1 2018 (Jan-Jun 18):

* Secure funding for stage 1 production (Q4 17 - H1 18)
* Complete Construction of first two furnaces

H2 2018 (Jul-Dec 18):

* Commissioning of Kupang Smelting Hub
* Commence sales of ferro manganese alloy


As there are still 4 milestones to be complete as given in the timeline before December ends, the share price should float in and around the 1.5c mark until updates/de-risking come out. ( In my opinion if all these can be met "The sale is on at the grocery store" as the great Warren Buffet would say.) However without these milestones being met I would doubt we will see a rise in the SP.

The obvious is that getting the approval for DSO sales will significantly de-risk this development and we should see a significant re rate in SP, however when and if these come through is a different story. This seems to be quite the arduous process especially in Indonesia but hopefully the appointment of the politician/army general can have some influence to push proceedings along.

Hopefully there are updates and more importantly actual developments in the coming weeks.

I for one am loving the drop in SP as I can keep accumulating at these prices but some development and de-risking in the coming weeks would be great.

Cheers