This is what TD had to say about the Elaborate Approval during the 2022 CC.
....Now it's on our board is a very accomplished geologist from Serbia who is the director of the National Geological Institute for a number of years. And which is the government entity that does all the geological work on behalf of the government. And he has maintained all his connections within the government, and, you know, the technocratic layer. And so, he understands the laws intimately. He's one of the Consultants that help to write the laws and so he's he's extremely knowledgeable when it comes to what are the There's ways to mitigate your risks before you go in front of the committee. And because so, for example, what happens is that the committee is comprised of five, local experts, all independent of the government and independent, of course of your project.
No, we're now and Mining people both from the geological and the engineering and the metallurgical and and so on. And as a as a committee, they review the the elaborate and, and you're expected to defend it much in the way of the way of a doctorate. Thesis is defended in front of Of a panel, but what happens is that there is one main auditor that's assigned to your project and that it's that Auditors job to do a deep dive into the elaborate where the other members of the committee are there for General oversight. But the one auditor is the one who goes through in great details and reports back. The others on the committee, you know, his his findings. And so, of course, the The Logical process, which we have followed is, you know, who that auditor is. And as you're going through, the generation of the elaborate, you invite the auditor to sit with our team, as we're generating the calculations, In the elaborate to have him audited on the goal so that you preempt any issues that he has. So in other words, rather than waiting, and until you come in front of the committee, with your finalized version of the elaborate, you invite him to sit in the process, as you're developing, the elaborate and for that, if there's any issues or red flags there.
At that point. So that by the time you get in front of the committee, your auditor has already had a deep dive through the document and and, and any of those concerns have already been addressed and corrected and so on. So and and and so of course that has, you know, that was another instance of adding some time to our our process in that as As our team was developing the the resource model, the invited the auditorium and they went through and discussed various points, and he had to review things and then he'd come back with some questions and comments and those would be a draft and so on. And so by the time we went back and forth with the auger in that process, it took, you know, several weeks and maybe even a month.
About back and forth. But again, it was time well spent because it ensured that whatever issues that the auditor had with our elaborate were caught during that process of the generation of the elaborate, instead of after the fact, when you're presenting to them. And, and so, so we're, we're taking all the right steps to make sure right now, Now that we're doing all the things that we need to do so that when we do finally have that final document generated. And we're sitting in front of the committee that that there's no surprises.
SO WHAT HAPPENED????