I've received an email from the Tasmanian Govt. that the application for a full licence for "Tasmanian Magnesite" on the Arthur River Magnesite Project was received on the 30th November.

The wheels go round and round.

The price of late has been hammered (not alone on AIM)
Wait for the turn in sentiment and you will not be dissapointed

GL Beaconers

Things are warming up nicely!
Had another mail from the Tas Govt today:

Dear ..............

3 months is a reasonable time frame , can be shorter or longer depending on how quick the assessment process and requirements (i.e. rental and security deposit) from the applicant are met.

Tenement Administration
> Mineral Resources Tasmania
> Ph: (03) 6233 8341
> Fax: (03) 6233 8338

Ok, lets think about this. There was already in place 2 retention licences for Tasmanian Magnesite. This is to change to a full Mining Licence.
Rental and Securtiy deposit.. No issues there as they have plenty of funds from the last placing exercise.

I would guesstimate at 2 months max from the 30th Nov. We are therefore looking at sometime in January.

Joint Venture could be announced anytime and will be based upon the successful granting of the full mining licence.
Their RNS clearly states :

"We have also progressed well with discussions with potential joint venture partners in regard to the construction of a calcination plant, and the grant of a mining lease will represent a key step in this process."


The beauty of this application is that the Compay, Tasmanian Magnesite, already hold 2 retention licences, so have a relationship in place with the Tasmanian Govt. I see this being a smooth transition.

No brainer at current SP levels.