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rambleon: "One thing i haven't confirmed is whether the 2.3...

  1. 113 Posts.
    rambleon: "One thing i haven't confirmed is whether the 2.3 billion exploration target covers just the state lease only or also the federal lease !!?? can anyone confirm? "

    Its in "Grant of a Right of Way Permit in Utah" ann:

    "In anticipation of a Right of Way, Transit had
    already engaged an engineering and drilling
    consultancy to assist in the preparation and
    eventual execution of a drilling plan for 5
    wells on the State Lease blocks.

    The total Exploration Target range, of which
    the planned 5 well program is a part, is 2.3
    billion tonnes of sylvinite at an average grade
    of 20.8% K2O (32.8% KCI)."

    So that number is for "The total Exploration Target range"


    rambleon: "The real deal is the federal lease, once you get a permit for that then watch it go."

    We dont need that far to "watch it go" IMO. As long as we secured "the Grant of a Right of Way", the drilling plan will go ahead on State Lease. And you know no matter Federal Lease or State Lease, as long as you start to drill, or ready to drill, the SP will fly IMO.
    We will know in about 3 weeks time MAX
 
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