GREY:SWYDF - Post by User
Post by
movinup2on Mar 11, 2010 7:14am
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Post# 16869403
perhaps
perhapsMusings
Eira stated the permitting process would require 2 years. One would think that with a Qc government agency as partner it would be a lot shorter and more than likely will be by a considerable amount. Qc is interested in jobs and economic development ie mining, cutting and polishing (already stated). This will be an entire new industry for Qc.
It is a stated fact that SOQUEM is not in the business of mining but rather assisting in development through expertise, government relations and financing. Surely they cannot simply hand over their interest, the Qc taxpayers may object with good reason. In the interest of keeping SWY viable this would have to be done at a value which would allow SOQUEM to recover costs and not create any questions from constituents. The current valuation would be more favourable for all rather than to wait until the stock is at $4+.
Road construction announcement is imminent as Qc jobs will be created and monies are already budgeted.
Meetings with local Native leaders have been ongoing and no sign of any opposition. Apparent non issue there.
Relationship between assets in ground valuation and market cap skewed.
Expect a number of blockbuster news announcements in the near term. Rifle is cocked and loaded!
MHO only