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MarketingMan

5,908 Posts.

3557

21/02/19

14:17

Post #: 37517037
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Originally posted by Accumul8: ↑

ZDRA

LCK have confirmed that they have already provided all of the necessary information to the people who will be assessing and them confirming the upgrade (publically confirmed in announcement).

In the recent announcement LCK also said that the upgrade will come in Q1.
Worse case then we are looking at just over a month.
My guess is that LCK would already have been aware of what data was required to achieve 2P. So it should be a formality and hopefully not too time consuming.

IMO, it's not quite a tick and flick but it could be any day now. My guess, a week or two.

Think about it. When we announced commercial gas at required rates etc who do you think would have confirmed that LCK had achieved was at Commercial Gas levels etc etc? Do we just decide on this ourselves or would they have run it past someone before making such an announcement?
Any if they had already run it past someone, those same people would likely be the ones to upgrade the resource.

In even simpler terms, what would be the point in announcing commercial rates at required flows if we weren't able to get the resource upgrade. Food for thought.

All IMO.

Expand

My money is on an announcement of 2P before the 28th.
But that's just me.

LCK Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

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