"Construction Ready" folliesFor those hoping we sell after permitting, I give you B2Gold's acquisition of Sabina Gold & Silver:
https://www.mining.com/b2gold-to-buy-sabina-gold-silver-for-824-million/
Sabina hit its ATH in April 2011, on the back of strong drilling results. Touched C$1.2 billion market cap at $7.50 per share.
Today, with it's fully-permitted, construction ready project in Nunavut, they agree to a takeover of......$1.1 billion at $1.87 per share.
Permitting = time risk = dilution = long term shareholders pissing & moaning about an underwhelming sale Price Per Share.