Agree jackofalltrades..., but as they say ‘show me the money’ first.
The company has told it’s shareholders, since circa 2018 or so, the conditions that they would farm-out the permit. The ‘ pending’ current farm-out meets those conditions. If/when the first tranche is actualised, then the deal would be seen as planned, and (imo) investors might show further interest. If that is the case, a re-rate can occur.
Historically, their last ‘duster’ drill was not so strategic. That is, the SP saw highs of 30 cents ( pre-drill) and of course lows of 1-2 cents upon non-commercialisation of outcome. The lesson there, and learnt, was no funds in the kitty for future work, hence the exiting of investors.
This time around, if the 1st tranche is realistic, and the permit is commercial, the strategy already in place for a second tranche, shows live and learn.
Good luck to the company and its shareholders.
With less than 1(2) month before we know, worth the wait.
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