Mar 5 2018 announcement on the roadMarch 5, 2018 – ATAC Resources Ltd. (TSX-V:ATC) (“ATAC” or the “Company”) is pleased to announce receipt of a joint Decision Document from the Yukon Government (YG) and the First Nation of Na-Cho Nyak Dun (NND) stating that the Company’s proposed 65-km, private, all-season tote road to the Tiger Gold Deposit will be allowed to proceed.
The approval is now almost 2 years ago........ the issue is that they had a Exploration cooperation agreement signed back in 2010 with the NND...It expired. thats whats holding up the road......they have been negotiating for 2 years. There is no way the road gets built till the agreement is signed....so for two years there has been zero chance that the road would get built...in those two years, our stock price has dropped by half.......meanwhile our neighbors at Victoria gold have a mine, and are probably going to announce commercial production soon.... they have a road ..... community agreement.....
The Sprott gang is looking for upside....not slow burn of assets while others are progressing. Hope there is lots of upside for those who have been so patient.
The hard question is when.
GLTA
MC