Post by
PROINVESTALOT on Mar 22, 2021 9:21am
BAPE
I think BAPE thing might affect the market. I have read a lot on it. Pretty confident GVT of Quebec will go on with the project. They have to take dcision by next fall. I do think it is unofficially all set. (I cant believe the company continue to invest hundred of millions in phase 2 without any insurance they will accept...) Arcelor Mittal had a similar project in the same area 2-3 years ago, negative BAPE and Gvt said yes to the project whatever BAPE recommandations. I true believe it will be the same for CIA. Patience will be rewarded again and again!
Comment by
savyinvestor333 on Mar 22, 2021 9:28am
Don't forget the world and large ESG investors are alot more aware and concerned about environmental issues in the last couple of years. Issue needs to be addressed
Comment by
domjoy80 on Mar 22, 2021 9:37am
In my opinion, in the worst case, they will fill the pit with tailings. I don't know how more expensive though (?)
Comment by
PROINVESTALOT on Mar 22, 2021 9:39am
You may be right but I do not think they will clarify. This is politic so we will have to wait for GVT response later this year. You have to understand that "Greens" in Quebec province have some influence... I think the decision to accept the project "as is" is all set but will take some time officially before announcing...