GREY:NMKEF - Post by User
Post by
Shumyyon Nov 20, 2019 10:43am
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Post# 30373641
Construction in Quebec
Construction in QuebecQuebec has had a terrible reputation for decades, in the construction realm. The unions fleece corporations. Corruption is consider normal. Example: The 1976 Montreal Olympics was 13x over budget. There are many similar examples. Do a Google search for "Quebec construction cost overruns".
Even if Pallinghurst or other group comes to the financial rescue, the issue of corrupt unions and cost overruns will be the elephant in the room. The good news is that regardless of the costs, NMX's sizeable lithium deposit will remain untouched in the ground and neither the unions or NMX management can muck that up.
https://www.theguardian.com/cities/2016/jul/06/40-year-hangover-1976-olympic-games-broke-montreal-canada