RE:RE:RE:Raymond JamesHi Barringtondolby, great question. This is my take--the bump was stock market wide and likely bc the stock market sees Biden winning by an unambiguous margin and therefore there will be a lot more stability in the US and worldwide and markets like stability.
The bump is due to that. ATAC is still a fair bet no doubt. I've been following it for 10 years and I have possibly as good an understand as anyone of its potential. But with that said, without a tote road deal and the ability to get a mine in there, it's still all a (expensive) pipe dream and big companies know it too. Barrick wanted and Agnico Eagle wanted a clear, ready-to-go extractor and thought that even tho there is a lot of potential here, it still doesn't have the oz's to justify the kind of expenditure needed to prove up and on top of that the access is challenging. Now that the tote road is no longer a sure thing, this outfit has a huge problem. The tote road two years ago was supposed to go ahead eventually but then the yukon gov and FIrst Nation decided there had to be a land use plan, and now there doesn't even seem to be a next step that leads to a positive decision. The land use plan has gone by the wayside. It was supposed to come in March of this year but didn't. No update. So, there is no clear path to an okay on the tote road at the moment. It's gone political. There is no chance, in my opinion, of any big company touching this unless there is a deal on the tote road. There needs to be a vision for where this is going and it has stalled. Good drill results haven't mattered even.
I agree we are due for some good news but we have been due for a long time and blown by all the dates when it was supposed to come. It's worth a punt but I've lost faith in it. Of course we are due; we're years over due actually and not sure that makes it more or less likely that it will eventually come.
GTLA