Universal Apparel and Textile Co. (DKGR)

[silver_bars]

The permit issue;

Drake Gold is still awaiting final approval of its BLM permits to begin operations. Unfortunately, this process has taken longer than expected due in part to the fact that the BLM has scheduled a geologist to visit and survey the Jackpot property in order to accurately assign a value to the reclamation bond. Once the BLM geologist has rendered his assessment and the permit is approved, operations are expected to begin. With the equipment on-hand, Drake is estimating being able to process 40-45 cubic yards of paydirt an hour. Processing will initially run 10 hours a day with round-the-clock operation anticipated as ore production increases...


http://biz.yahoo.com/iw/061208/0193072.html


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My observations;

(1) BLM Geologist has to visit the property;... it usually takes Govt. workers 1 - 4 weeks just to schedule and make visit of any kind.

(2) BLM Geologist has to survey the property;... that'll probably take 1 - 2 weeks in itself.

(3) BLM Geologist has to assign an accurate value to the bond;... that'll probably take another 1 - 2 weeks itself.

(4) BLM has to approve the permit... that'll probably take 1 - 4 weeks after the BLM Geologist has filed his final assessment.


So...... best case scenanrio for permit approval is approx. 4 weeks, IMO.