RE:RE:RE:RE:RE:RE:Great Trading StockAgreed the ‘play out’ picture is very interesting.
Maybe wrong here, but I have to assume as NG has signed over Montagne d’Or to OREA that the Russians have dropped their lawsuit against France. No public confirmation of this but their having formally placed the project in OREAs hands with a documented approx.., US$75 mill ‘back-end’ payment at any full permitting of the mine, would suggest no further damages pursuit by Mordashov against France.
Clearly, OREA have gone all in with this project. Out of Maripa and basically Suriname with all monies now dedicated to pursuing this FG goal. I would hope that the Guistra’s see a real light at the end of the tunnel here.
Likewise. France could have really screwed up this whole process (pushing any mine intentions back years) by refusing to approve this move; in contrast, they agreed very quickly. Might this be linked to nolonger having a looming contentious public Russia vs France fight via NGs pursuit under the two country investment treaty?
Further, the mine is now to be reconfigured at less than half the production per year outlined in the original BFS. Therefore, is this a recognition that the mine foot print was to large an impediment and may be more acceptable (to Macron who would have to ‘sell it’ to his green lobby) if significantly reduced?
Again, I go back to why would France have so easily agreed to this deal if they still intended to totally oppose the project? Just to get out of the court proceedings with NG? So, might France buy out (to put away) or even partner with OREA (to oversee), or...?
Complex? We have catalysts coming up at least in terms of basically a new BFS with all the NG known inputs to be applied by OREA (NG valued Montagne d’Or at US $8 bill to go into battle in court). Then we have the SC decision yet to arrive re., the OREA exploration renewals (and any compensation awarded).
Someone suggested this could be a trading stock with the news potential; agreed, but if a mine somehow was to emerge in 2023-24 it could also finally become a long-term holders dream.
GLTA -
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