RE:RE:RE:confirmationMy understanding is that SRK was not able to expedite their resubmission scope given other commits and priorities for the personnel, and COVID did not help in that regards. Their scope SRK was supposed to require 2 weeks so clearly there were some unexpected delays with the resubmission which I believe WHY has since explained in the more recent MDA. Mining is hot and SRK has bigger customers and WHY is a cash strapped company We need a substantive cash infusion if we want the 4 to 6 month timeline which starts once the permit is resubmitted and deemed complete. I am hoping WHY provides an announcment for the latter step and provides the application number so we can track its progress on the BC gov website more easily. Bottom line is to mine next year the company needs the permit and teh cash to secure the personnel / contractors to do the work. Both are still possible and keep in mind that ideally the work would start in June but if needed the work could be done starting in Sept. The costs to mine once winter hits would be a bit higher but still very profitable. It is too early to say how this will play out but suffice to say the mobilization of the quarry is not that difficult since contract personnel will be deployed. The key will be to have the permit in place and funds to secure them in a timely manner. Outside crews could be brought in if local crews are not available as another option. Fortunately WHY is an outfcropping and hence mining is near surface so really they do a bit of blasting, followed by digging, followed by crushing (maybe) and trucking. If there is snow in the mix then it can be melted locally (heated enclosure) or along the route to the buyer (if south) with staging. It still looks to me as though it is possible to generate funds in 2022 but it is not for sure since some good things need to happen. Ultimately if there is a buyer for the crushed ore then it will happen so that is the news I am hoping on for a Xmas present. The reason 4 months is possible is based on the no major environmental issues per the prior reviews and there is no aboriginal presence in the area to my knowledge. There might be a resident who is opposed to development projects but these sorts of concerns rarely impact regulator decisions since the regulator has already considered most of these in the preliminary rounds or can put conditions into place to remedy them, and BC government generally approves mining projects in these established mining jurisdications. This is basically a low risk quarry mine so I am not sure what basis there would ber for rejection ... nothing comes to mind.
"For Permits such as the one submitted by the Company, the Ministry has established a multi-step permit review process where major issues are identified upfront, followed by a detailed review. In 2019, the Consultants successfully completed a baseline and environmental study (the "Study") in response to a request from the Ministry. The results of the Study showed no major baseline or environmental issues at Record Ridge, thus satisfying the Ministry's initial permit review threshold. Subsequent review steps by the Ministry will focus on the details of the Project's environmental monitoring and management.
Further work on securing the Permit was put on hold by the Company in 2020 due to financial challenges attributed mainly to the COVID-19 pandemic. After having recently secured the necessary financing to cover the remainder of the Permit costs, West High Yield recently re-engaged the Consultants to resume their work on the Permit application process. The Company is currently in the third and final review stage mandated by the Ministry, such stage expected to require six to nine months to be completed and to obtain Ministry approval."