previous announcements confirmed that a water permit is required prior to commencing drilling.
the latest announcement states that Inca are ready to commence drilling. And yes, physically they are ready to commence drilling. Are they currently permitted to commence drilling? That is a separate matter which has not been addressed.
basically Inca seem to be wagering that the water permit is about to be issued; however, if it is delayed for a week or two then the company is going to have egg on it's face. The failure to directly address the water permit in the announcement is an attempt at obfuscation.
Ann: Drilling Ready to Commence at Riqueza Project, Peru, page-44
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