Chart update, page-11

A lot of the current value assumes that licence will be granted.

“We are hoping that now we have done everything we need to do, we will have the licence granted by the department in a month of two. On that basis, we are already talking to drilling contractors. So when the licence comes though, we will be drilling within a week or two.’’

Not sure why some have doubts that the licence will be granted....

All conditions have been met for the licence to be granted...
The office has 90 days maximum to grant the licence once all conditions have been met...
see below...

The regulator prepares a recommendation for the Minister for Resources (or Delegate) to either grant or refuse a minerals exploration licence and may suggest conditions to be incorporated into a licence.

Exploration licences must be granted within 90 days.
This excludes any time taken by the applicant to provide further information and the time taken by the applicant to comply with the Native Title Act 1993 (Commonwealth) or the Traditional Owner Settlement Act 2010.