Well, the refinement of the ore reserves is not material....

Well, the refinement of the ore reserves is not material.  Demonstrates continuing activity.

The approvals assumption statement it closes with:

"The Company is confident that it has completed all necessary work required for the environmental approval process and that it is towards the end of that process and it remains confident of receiving the environmental permit in due course. Assumptions on timing of Government approvals, considered by the Company and SRK as part of the review of the Ore Reserve estimate, are deemed to be commercial, market and process sensitive and have therefore not been included in this statement."

...restates permitting confidence with not a hint on when.

It may retest 48c.  Why wouldn't it ?

Ash