RE: RE: RE: cost of Yukon Shift - theres no way that's accurate.
The water license is going to take several months. Management has said this various times over the last month or so. They can begin moving dirt/inital construction without that license.
The quartz permit will most likely take until sometime in May, hopefully sooner, but not likely - these government employees don't move quickly. They get paid to do their jobs, not to do things quickly.
I don't think they're going to announce any financing until at least a few weeks after the quartz permit is issued, so you're looking at May/June for that. AND that's just for the senior debt. The stream/royalty/convertible debt piece may take even longer. I could see all of this dragging into Jul/Aug/Sep at the rate we're going. Remember, if you asked the company just 2 months ago, they said they'd have all financing/permits and contruction ready by early April. They were way too aggressive/optimistic.
This is why this stock is getting crushed. All of JM's timelines are not going to be met and extend a few months AGAIN. This guy clearly doesn't know how to manage expectations well.
Also, once getting all approvals and financing in place, they need to order major equipment.
Let's see how delayed those 'deliveries' are. I'd be surprised if they completed everything on time.
Even taking all of this into account, the stock is trading as if this mine will never get financed or constructed - so i still see a ton of upside. You just need to be realistic with your expectations.