Great post Petrescu, I had a call into Mordi to ask him basically what you posted here.

IMO best case should get LGDI their permit to build from the Queensland authorities/Mt.Isa authorities by the end of the Summer/early Fall, barring any serious holdups. I would hope that as they come closer to getting permitted they would be finalizing negotiations with their equity/buyout partner to fund building the plant, so when the permitting is completed they could annouce almost immediately afterwards that they have the money to begin building the plant.

I think it's a given that when the permitting to build the plant is completed they'll have an equity partner. In fact, they may already have the partner in the bag and are just waiting to go through the permitting motions. It's amazing that the share price could be this cheap with the process potentially a few monthes away from being completed. I strongly feel that when the permitting is finalized the funding will be there too. Hope I'm right in my assumptions.

Thanks again for doing your homework.