The "expected" drill permit for Q1 is running out of time. No reasonable cause for a denial springs to mind however should it take longer than Q1 to acheive what might the fallout and fall in SP be?
To my mind if it is a bit late it wouldn't be a big issue as really, until late April, it will be too wet to drill so the window for approvals is actually more like 10 weeks before it starts to delay drilling.
In that time we have some possible catalyst news regarding Simulus and maybe some news on the IO asset. If all of the ducks line up we could be sitting at 1-1.2cps off of the back of some good simulus news and IO news prior to drilling approval.
For those in the know about the Simulus operations what is the consensus around possible timelines of the Simulus sample?
Forgive the chaotic rambling of the post, I'm just curious to hear perspectives, thoughts and opinions.
cheers,
GLTAH
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