Ann: Major Advance in Arrowsmith North Environmental Approvals, page-62

6 months construction. I think that's with contingency included but it'll likely slip as they all do. plus you'll need commissioning. that said, very often the epa will grant limited approvals to commence ground works (access roads, concrete pads, tanks, etc) ahead of mining activity approvals. this may allow construction and epa to run concurrently which will save alooooot of time.

even with the most rose coloured glasses, I wouldnt be banking on first sand until 2024. however, by then a good chunk of future value will be priced in given that DVT approval pretty much makes both ASC and muchae a low risk waiting game. ASN, while a solid venture, is also a test case that will allow the other tenements to be valued appropriately.

personally, I'm in for the long haul... but if one had a mind to trade, the biggest win will be between now and offtakes (I'm assuming finance forms part of that). however, I still think with the first EPA formally approved, that's when the TO will drop. even at 500m, circa 90c a share) the quality, longevity and stability of the company's assets is still very cheap. A billion dollars ain't what it used to be with looooots of companies trading in double digit B's with margins same as ours with triple digit debt.

sorry, totally took your post and ran a different direction..... 6 months, is the answer