RE:RE:RE:RE:RE:RE:RE:Is this the Buy-In BeginningHi tinker,
I just wish the QC permit could be SOONER.
If it is dragged into late Fall, the winter will kick in. Yes, construction can be done in winter, but the difficulty is HIGH and efficiency is LOW in winter conditions. Lived there for 3 years, I know what winter looks like there.
tiger
tinker901 wrote: Bullatnl.
Yes partly it is optimism, but not like a lottery ticket.
CRE is certainly not the only outfit missing their "optimist" targets, in fact most of the juniors do that on a regular basis and CRE has to be the one with the least "blue sky promises".
The process is seriously in motion now.
Federal permit was given, Phase II enginnering study given to Metso Outotec and WSP july 2021.
30 MILLION BOUGHT DEAL. So plenty of cash to pay for the studies. There is probably a lot of pressure on Metso and WSP to deliver since they are already 6 weeks late.
It is expected that the results of the chemical plant engineering study will be released in the second quarter of 2022.
Retention of Bumigeme Inc., WSP, and Golder Associates Ltd to prepare front-end engineering design work for the process plant and related infrastructure and the detailed design of the co-disposal facility for the waste rock and filtered tailings at the Rose Project.
"The Updated Feasibility Study will include a review of pricing for spodumene concentrates, and a review of the capital and operating costs. We expect results from the Updated Feasibility Study to be released in the second quarter of 2022."