If U is go and you want to take advantage then why buy BKY with its permitting risk? I will buy companies already producing or with moth-balled production facilities with the ability to bring them onstream again quickly and without major expenditure. So far as the ASX is concerned, this seem to be ERA, PEN, PDN.
U is likely to go, go, go over the next few years while BKY and other explorer/developers will be caught up in funding high cost mining/production facilities.
Permitting, page-85
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