Construction 101
For a mega project to move forward:
1) Project lead sets up SPV as a way to insulate owners from liability.
2) Seed funding by SPV partners used to draw up feasibility plans.
3) Environmental permitting process begins - usually a 24 month process
4) Bankable feasibility done usually in parallel to the environmentals, but cannot be completed until environentals completed and permitted.
5) Asset owner then seeks bank financing in the form usually of debt syndication and Project finance.
6) Permitting license fees and gaurentees secured.
7) Asset owner typically works with indigenous groups along this timeline to insure benefits to them.
8) EPC contract tendered, bid by the big guys. SNC, Hatch, Bechtel are just a few names that will bid on the EPC contract.. Asian companes may very will on these projects aswell.
9) EPC contract set in place. EPC companies always run cash flow positive, so financing has to all be in place before EPCs will engage. They also will not accept any permitting risk, so permits must all be neatly tied up.
10) EPC then begins their job of tendering for the various components of the project. The will accept the Asset owner's engineer's recomendations for sub contractors, and only vary from this list of subcontractors when the sub cannot deliver.
11) Cement in of itself, will not usualy be directly tendered for projects the like we are seeing in western BC, but cement, forming, and labor will be sub contracted as a subset.
12) Once the sub contract is tendered, THEN you may see some activity by a cement company. MAYBE. Aggs is a funny business, as rock can sometimes be an asset or it can be a waste product.. Digging a hole in the ground to get aggregates is a last resort for cement companies, as they prefer to receive ( often for free0 rock from construction sites that is not required. You suppose there is any rock in BC that just might need to be blown up to build some of these projects?
Anyone suggesting the above timeline is shorter than 48 months knows not what they speak of.
Anyone suggesting that cement companies go about willy nilly buying up rocks without first having contracts in place is mis informed.
Anyone that has looked at the permitting process knows HBK in its initial permit cannot remove enough rock per year to fulfill any of these projects, and will require a full environmental assessment done before they can mine in earnst.
Use the above for whatever purpose you wish. The name is MLEMC, not Melmic 4seasventures. Like your handle, this directly connect to family initials so please respect.
What you see on the market right now is more than likely uninformed retail pecking away at shares offered, without really understanding the process.
MLEMC
I've bought and sold shares multiple times in HBK. As of yesterday I am completely out.