My only issue with that is that SIRG management hasn't seemed to grasp this fact. This lack of understanding goes all the way back to Rod's mistaken assumption that the permits would just transfer. In the last months SIRG has been way off on many of its timelines, and I would not be at all surprised to see the Q1 production timeline seriously late as well. Government bureaucracy is not an excuse....SIRG management should have planned for this contingency. Also, bureaucracy does not account for the delay in the LOI, nor for several times that SIRG was given an E for late filings. I would rather see realistic projections that are beat, rather than aggressive ones that fail to materialize on time. The s/p is less than 1/3 the FMV for this very reason....investors doubt the mine will be producing anywhere NEAR predicted timeframes. And that makes financing that much more expensive.