.... was described as 'well advanced' in previous presentations. So 'pending' sounds to me likey they are waiting to put pen to paper.
Assuming minimal dilution, then the next stage after this is revenue from gold @ Hera. Just in time for gold to crack through $2000/oz thanks to Helicopter Ben.
After that, there Nymagee. Still cannot believe that i picked these up at 21 a few months back!