RE:QuestionsPrussiaProfit wrote: 2 questions: exacly when is a production decision made? Is it after the DFS is released or after permits are completed (around 2 years)? What other catalysts are there until production? I know more drilling will be started in the summer and a follow up from latest drilling.
After the DFS is made public, Sibanye has 90 days to make a decision to partner up or stay at 20%.If not, then the company can get bought out. Other catalysts will be permits received, more drilling etc..
I believe Sibanye will not take the full 90 days to make a decision. I also have a feeling that Impala Platinum Holdings Ltd a South African company has corporate eyes on GENM. Impala formed Impala Canada on December 13, 2019 when they acquired North American Palladium ( Lac Des Illes mine) which is roughly 3 hours away by car to the city of Marathon.
Exciting times ahead for sure!