Has the timeline changed?As with all projects, there are delays and short comings to beginning a mine like this.
In terms of timing, I was under the impression the road proposals were submitted recently by construction companies and that the company(s) would be picked by the end of the year to completee the 49km road by the end of 2020. subsequent mine development would continue with it being completely built by early 2020 which i would assume is 2022. assuming delays I am thinking it would be 2024-2025 --- what are the main constingents getting in the way for this mine?
The main source it seems from this board is the lack of leadership and typically quiet PR team but from what I can see --- everything they need is a go so far? What normally stalls these types of projects is work with the indigenous groups but it looks like they have agreements set in place and the necessary permits for the road/mine --- is it just a lack of PR for the stock that it is flandering? the lack of progression essentially shifted prospective investors to weed stocks as it was much easier to turn quicker profits with the current gov.? (you may notice several Mining stocks took a dive for no real reason as weed stocks took precident over the last year). It also being in a remote area that it has harder to obtain publicity (compared to the ring of fire who also has a similar timeline but some disputes with indigenous groups but is also in Ontario). As well, does anyone know how much is in the ground for the NICO mine? Noront resources known deposit is 60 billion in their eagle nest project as an example and every couple months they tend to find more and more it seems but i can not seem to find a rough estimate for whats at the NICO project
Generally, looking for a thoughtout answer --- not just "this person sucks" --- at 10 cents it doesn't seem so bad (more like what could go wrong?) as similar to Noront resources and their ring of fire -- they have a similar timeline. Prefer Canadian stocks to promote Canadian growth and these 2 seem they are going to be major payers come mid 2020 but im just curious why FT has such more hatred them say NOT --> considering 1 will be the only real Pallidium mine in North America and the other being even more rare, a mainly cobalt mine in North America (rather then by-product). Also got small stakes in both so far --- but wanting to push up my stakes in both. Im doing NOT first as they have pending smelter location coming out soon but I still got my shares from when i bought decently higher then .10> more then likely because lack of PR compared to NOT.
Dont mind waiting 5-10 years either for a crazy return. I got a good job in my early 20s so it doesn't make me concerned with long waits :D I got student loan and a vehicle to pay off during this time and rather then blow my spare money on trivial trips or clubs --- just throwing my entertainment cash into several different Canadian stocks (yes its diversified -- these 2 stocks are my long gambles :D )