From that nifty presentation it states 16 weeks from fabrication...

From that nifty presentation it states 16 weeks from fabrication to start up for the chemical plant.

Well folks, they don't have the funding now.

They need $17.5 million for the first stage.

IMO they ain't gonna get the full $3 million from ordinary shareholders.

If (BIG IF right there) they get the funding on 1 August, add 16 weeks, and you are at 1 December........

Do ya really think that given their history to date that:

1. They can get the well approvals - not done yet.

2. Get the necessary wells drilled

3. Get the plant fabricated

4. Start the injections

and do it on time, within budget, and all with winter closing in?

It would be a first for Elk........

IMO IT AIN'T GONNA HAPPEN.