Spent some time looking at the approval process of the blm It’s quite a long process as can be seen below
Imo we are at the last stage I have circled
Management say all has been lodged from an environmental point of view and there is a 30 day approval. That means for me that they have spent a couple of months working through the process and obtaining surveys and the like to get to this point. We also do not know when the 30 days has started so could be sooner than we think.
Another hole I found that had approval said it would take 60 days to drill with 24 hour a day drilling. That was to 10,000 depth but we are only going to 7050. Nothing works for 24 hours a day in reality as something always breaks down or a native rat is found but I’m assuming approval is another 21 days away and then two months of drilling but will be good news flow as the drill goes through the ground and hits brine, flow, pressure, temp etc
ASN Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
