Aha Rosbg - that's an interesting answer, which implies to me that it's probably a part of the masterplan of the BoD to apply for listing on the main exchange well before financing of the mine construction, that will probably require raising a lot of capital on the stock exchange.

If it's true that stock are usually better priced at the main exchange, would it not be fair to assume that the company might as well apply sooner than later, when they can meet the requirements?

I agree with you and Sum that there is no reason to apply if the management knows that they will get rejected, but if the cost of a listing on the main exchange is not substantially higher than on the venture exchange, there is in my opinion really no reason to wait - or what am I missing?

We can probably all agree that the RoF is considered land locked right now, but when we consider 3. September as deadline for establishing the development cooporation, and the fact that the provincial government has set $ 1 bill. aside in the budget for infrastructure to the RoF, for how long can the TSE consider the ressources landlocked?

That being said, establishing the devco is far from having a finished infrastructure plan, which will probably take 6 to 12 months from the Deloitte report is published.

Regards DRA

PS: Thanks for the kind words to The Deputy!