RE:RE:RE:CGT and Sandstorm Interest?Thanks for the follow up information.
IMO, there is no rush for a Sands decision re CGT. The two CGT FG ‘minor’ projects are years away from mine build (regardless if 1 or both turn even turn out to be worthwhile). Even the present NG/CGT mine, which is in the permitting process I don’t think will see a permit award (if made) until 2021. No Nordgold ESIA report submitted yet; no French gov’ mining regulation document yet; therefore, no possible French permit response for a while.
In fact, I see this permitting process stretching potentially well into 2021. Then there is also the distinct possibility that if the permit is awarded a ‘green’ legal challenge occurs; this takes us in to 2022. However, CGT does not have to produced cash for mine build until the first shovel hits the ground, so we could be 2-3 years away from CGT’s need for money (should they even decide to build out their portion of the mine; they can get carried down to 15% by allowing NG to build out).
Therefore, lots of time for all sides to consider potential moves, unless something unexpected happens.
GLTA -
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