RE:Nov 10 video w BBBigCountry wrote:
https://youtu.be/G90MfdZE7Ew
Sorry gang, hate to be the bearer of bad news but someone has to tell you: After listening to BB's latest, greatest hit show, there's absolutely no way you can come away with the knowledge that everything pertaining to Florence has been pushed back one full quarter. That is, we'll be lucky to get the draft permit approval and subsequent announcement by the end of this year. And you heard it right, lucky if it comes before 31 December. BB uses phrases such as, "we should have the final permit at some point in Q1" and, "we should start producing at Florence in mid 2023". You know, that kind of stuff. End of the world? No. Happy to hear getting pushed back another Q? No. He doesn't directly say anything about what the hold up is all about and he still doesn't mention any negative issues related to same. But, it doesn't take a rocket scientist to figure out it's highly doubtful the draft permit is coming any day now. Want some good news? Okay, here ya go: First, no JV looks to be a certainty. Second, with $4.25 US copper, Florence has a NPV of $1.8 Billion. Maybe if you're all very good from now until Christmas, the EPA will say yes before the bell brings in the New Year. But, knowing many of you out there have been naughty, best to think "at some point in Q1". Gotta love the good ole US EPA, great bunch of laddies there.