5EA 9.68% 17.0¢ 5e advanced materials inc.

Ann: 5EA Commences Step Rate Testing, page-4

  1. 245 Posts.
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    Im far more optimistic in regards to EPA approval timeline as step rate test should be completed in 8 to 10 days. EPA will be monitoring 4 wells, each for a 24 hour period. 5EA are using one rig which moves from well to well so the testing should be completed relatively quickly. There is a broker in Sydney who believes we should see the first Boric Acid production later this quarter. Once step rate is complete all conditions of its Life of Mine UIC permit have been met.This whole last 12 months have been horrific for all shareholders but its game on when the green light is given to commence mining. This backed up by positive funding initiatives can only be a massive rerate for the company and share price should move accordingly.
 
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