GREY:BLITF - Post by User
Post by
Tommer3on Dec 23, 2014 10:12am
120 Views
Post# 23259184
FMR Buttercup project from inception to permitted - 8 MONTHS
FMR Buttercup project from inception to permitted - 8 MONTHS
Was doing some research on other aggregate companies in this space..... thought it was worth mentioning a few things that I uncovered.
Probably the most notable is how Fairmont brought the property in 8 months through all the hoops and obtaining all the permit approvals; Mining surface permits, hydro power line access permits, tree and road access permits, road construction permits, environmental permits and the BE-ALL extraction permit.
It's a fact that Fairmont was the only aggregate permit issued in Quebec in 2014 and only took 8 MONTHS!!!
The other item from the news release is that Fairmont has set a goal to "put one project into production each year" and has their sights set on a silica project for the next conquest.
The other companies I studied have taken years and some decades to get there permits. Kudos to management for finding the path and gaining the valuable experience to fast track this process. I am betting they can "hit repeat "and follow the same procedures to meet the mandate of getting properties into production within 12 months moving forward.
2015 looks like it will be a good year with cash-flow filling the coffers and with advancing other properties trough to the permit process.
Warm regards,
Tommer3