Good old fireside chat, page-9540

All the "good progress" news is expected and already factored in. At this stage the only concrete thing they have is a promising looking chemistry experiment.

The elephant in the room is the fact that they still only have one hole in the ground, and even that one hole is somewhat marginal. Sure, it has been useful in being able to demonstrate an innovative chemistry process, but it is a long way from being convincing as a resource that will produce an economically viable product. Proof of concept in one thing, convincing the market you genuinely have something to sell is a conpletely different thing.

They need more data points, preferably ones with higher initial concentrations than CC. ASN will continue to drift south on low volume until the reentry drilling permits are approved and drilling commenced. These next few holes will be their best shot at hitting some higher initial concs and showing the market they have more than just a chemistry experiment.

Bring on those drilling permits!!