West Kirkland to Fast Track Gold Production
West Kirkland announced good news today (May 8th) from the BLM. As I talked about in my piece of May 4, the company had applied to the Bureau of Land Management [BLM] to fast track the Three Hills Gold project into production by requesting an EA instead of an EIS.
What that means is that under an EA (Environmental Assessment) they can get a mining permit in a far shorter time than under an EIS (Environmental Impact Statement). The EA time frame can be as little as 6-9 months compared to 20 months or more for an EIS.
Obviously the shorter route to production is good for WKM because cash flow starts sooner than under an EIS. With an EIS, the clock would keep ticking and salaries keep getting paid without income. I don’t need to remind readers that investor money is hard to find at present. And the cost of an EIS is a lot higher than for an EA.
I would expect WKM to start coming up with some harder time lines for production and as production gets closer, the market will begin to start giving more value to the shares. That’s really good news for West Kirkland and for investors.
The next big news from West Kirkland will be when they release the results of their Pre-Feasibility due out this month. The company has done a lot to de-risk the project and investors will have some hard numbers to digest soon.
I am biased. I own shares and warrants and West Kirkland is an advertiser. Do your own due diligence.