I think 12 weeks is totally unrealistic for final permitting. I expect a decision to proceed with the mine in the third quarter 2021 and the start of operations late 2022. You cannot get a mine permit without a final mine plan and one of the main reasons for the new drilling program is to test near surface mineralization. This could substantially reduce the stripping ratio and have a significant impact on the bottom line. They are also testing potential new ore zones. A hit on any of these has the potential to move the dial. It is generally accepted that from discovery to development and operations takes about 8 years. ELT is more than two thirds along the road.If,as predicted,the tin price goes above $US20,000 a tonne ELT will be a comfortable ten bagger.
ELT Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
