CLZ 0.00% 0.1¢ classic minerals ltd

Mining lease

  1. 1,108 Posts.
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    Looking back at Classic's announcement we can see the mining lease was applied for on 06/05/2020

    On the department of mines website they say their aim is to issue the mining lease 65 business days from application, which would bring us pretty much to any day now (with a few days delay as it has to be sent via snail mail)

    There's a chance there may have been a bit of time lost due to covid etc, but with reports the West Australian government is issuing grants for juniors to continue exploring in attempt to bolster the economy we know the McGowan government is taking proactive steps to kick start the mining sector and really secure the economy in these uncertain times.

    Gold is at an all time high, the time to dig is now. And with government onboard, and a motivated board and mining team we're in the front seat to get there.

    Klaus Eckhoff has taken gold miners from 4c to $4, he doesn't play small. And he has bought heavily on market, aswell as his incentive deal to bring the share price up to tranches 0.004, 0.006 and 0.008. Dean Goodwin has been in this industry for years, and you could tell in his recent radio interview he's excited.

    We're in an exciting time of this company's true beginning.

    While the share price has been somewhat surpressed so far, every pip higher is a significant percentage less of an increase. 0.001 to 0.002 is 100%, 0.002 to 0.003 is 50%, 0.003 to 0.004 is 33%.
    With all these news catalysts incoming (including more drill results) all that's happening is the slingshot is getting pulled tighter and tighter. And when it goes....be ready
 
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