RE:What is the hold-up?Myrty1,
So honestly and sincerely, what do we think the hold up is here?
IMO, it surely isn't any component of Part 2 that was completed.
I do know the FS was prepared by an independant and highly reputable Engineering Group located in Serbia. This Group would have to be a registered member of EurGeol which is a Mining Engineer & Geologist Professional Association for Europe.
Our FS completed was equivalent to a CIM -Pre-feasibilty study, which had to be translated to Serbian, one copy produced & submitted to the keeper ie. Mining Ministry.This document is not available to the public domain or anybody else.
I would suspect The Ministry would have given Boron One their blessing before we hired the Company to complete the FS.
Keep in mind there is no vetting with Part 2, but instead just a box checklist to ensure no components are missing from documentation.
My humble opinion what the holdup would be is our Financial Partner is not meeting their conditions in the LOI, once again.
Last time I looked at the LOI, Osmose was suppose to pay Part 2 submission fees.
I suspect that is why Boron One is now raising warrant funds from a previous PP issued, which was a News release earlier this week.
Cheers!
(bb-99)