RE:RE:Worth a readIt costs a lot of money to prepare and file for a permit. Why should the company be expected to prepare a permit application when it has been preemptively told that its project will never be permitted, based on an obsolete mine plan that was never intended to be submitted for approval?
I do not expect the company to apply for a permit without again securing a well-financed partner or partners. The legal and political challenges it faces (and will face even after permitting) are too formidable for a junior to take on, especially at the cost of significant further dilution of the stock.
However that does not mean that the stock has no value in the meantime, as some people (lke the scumbags at Kerrisdale) have suggested. Even if the project was not economical at $1200 - which has not by any means been proven - who's to say gold won't eventually go much higher?
And even if a permit doesn't come in time for this bull mining cycle - which is arguably already the case considering how long it takes to build a mine - the stock still has value as a long term speculation.
What that value is, of course, is anybody's guess.