As I stated last night on this forum, we probably only know about 5% of the facts surrounding this permit fiasco. I have heard snippets along the way, and I can fully understand the frustrations at all levels.The bottom line, however, seems to be that as of about 11 days ago, we "were days away, not weeks". I guess technically (maybe) that means up to 13 days. So, most likely this week.
But then I did read someone's post which said that the permits would be sent to the company in draft for their review. That sounds a bit odd, but perhaps these Permits are quite complex and wordy, so perhaps that is, in fact, the case. If that is true, then there would be a bit of further time involved in that end bit of the process.
The MD has seemed pretty confident that we are very close to getting the permits, and as stated previously, there is no way the plant would have been moved to site, if they did not have something very concrete in writing from the relevant Department. Obviously not the permits, but perhaps a very strong indication that the permits would be issued imminently etc etc (who knows - I don't!)
If you listen carefully to the RRS lunch presentation from Perth, it is Pilgangoora which has really caught the MD's attention!!
More importantly, folks, my tea leaves have been doing the veritable jig this morning. They are telling me we are in for some brilliant drilling results. I refer to the MD's confidence around that 15mt to 20mt of core high grade spodumene at 1.8%+ Li2O and 400ppm+ Ta2O5. If you look at the previous resource, and the few drilling results we have been given to date, logic tells me, the drilling has been super successful. I could be wrong; often am.
I actually am getting the vibe that there is a degree of confidence around there being a lot more than this 15 to 20mt of the high grade stuff, which is clearly worth a motza, and in very high demand. I may be extrapolating the vibe too much. Time will tell. I still think that by the end of August, this could get very interesting.
GLTA
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