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Re: OilCan61 post# 6162

Thursday, 03/04/2010 6:28:51 PM

Thursday, March 04, 2010 6:28:51 PM

Post# of 60126
Hey Oil I can only give an opinion on the permitting and provide some underlying facts, and I think I should say here that my posts are my opinion and that I am not promoting that anyone buy any stock. I still do not have a good look into the management of SUGO and have tried to investigate them through our friend - GOOGLE. With that all said they have progressed as I would have recommended if I were involved. With that said I would expect that they move the permitting forward in parallel with the 43-101 report writing. I do not have a feel for a time line other than what I was told when I looked at the property over a year ago in my meeting with the BLM. They want help from the company making the application in re-writing the opinion in which they found there was no reason not to issue their permit. Yes they did come to that conclusion in their review, but felt they needed to expand the opinion to address comments which they received from environmental groups. Going off that information I would say that the permits could be in hand in 6-8 weeks. Anyone can call the BLM office and ask questions about the permits, the process, and ask to be on a notification list. They do work for you after all.