RE:RE:RE:RE:what is the reason for delayed EA?general360 wrote:
thanks zephyr, that's what i remember. they did say publicly that they would be submitting by years end, 2 months before year end. and they missed the deadline. by a month now. thats 3 months and counting since this article was out committing to year-end.
they published a schedule in the FS, gotta go by those timelines. so far they're not exactly hitting deadlines let alone shortening them. and there are 2 deadlines: self imposed and external estimates from SLR. so far not impressed w/ the self imposed deadline.
they did say here: https://atlassalt.com/strategic-project-execution-plan-implemented-for-the-great-atlantic-salt-development/ on Jan8:
"Further refining the Feasibility Study (FS) Budget and Schedule to establish a Level III baseline schedule and budget for project execution."
so maybe they'll shorten the timeframes... by how much, who kows. i get that the SLR report is a conservative timeframe, it'll be interesting to see if they/SALT publish something showing accelerated timelines. not that id believe it based on... evidence!!
you'd think someone of us would have the inside scoop: oh the government wanted another study, or someone to validate the data or blah blah. instead, i have a
1-month delay and counting
overall timelines are quite long and they're tring to shorten it. not sure i want to talk time w/ them ever again, i got enuf data on this topic: they're not to be trusted w/ their own time estimates let alone SLR's.
down 70+ percent overall, NOT HAPPY.
down 20% in only a month or so, but thats on me for trying to catch a falling knife! everything else is on them!
for some reason i'm souring on this... i cant be the only one! demoralizing to add up and see LOTS of red...
c'mon MR SALT, do something!
General360
There was no timeline/deadline. Yes, they announced at the public meeting in October that that
planned to file before the end of 2023.
At the AGM in December, Rick & Alasdair gave a project update that focused on 5 points (with the EA application being one of them). At that meeting, they told us that they were in process of preparing the EA application for submission. However, the tidbit they noted was that when they engaged with the government to start the submission process, the government department offered to pre-screen the submission so as to identify areas that could be bolstered/augmented based upon additional information that the various government departments would want to see in the submission. This front-loading of information should reduce delays on the tail end of the EA approval process if there additional information requests accured after the EA application was publicly submitted. So, in essence, the EA application has been 'unofficially' submitted since November and will be 'officially' submitted once all of the additional areas requated are covered. Overall, the 'delays' on the front end in order to accomodate gov't pre-screening should help alleviate any delays on the back end and, overall, hopefully get an EA approval well ahead of expected timelines in the FS. You could see the EA application officially submitted soon and, hopefully, approval within the minimum timeframe, allowing for public comments.
As far as publishing something that shows updated times, I suspect that will happen by end of Q2/Q3. They cannot give an update until they get clarity on the 5 key areas they were focusing on as per the AGM update (i) EA application & approval, (ii) mine builder selection, (iii) mine equipment manufacturer, (iv) offtakes and (v) financing. Rick noted that we should see info flowing on these items in Q1 & Q2 2024 and we should have clarity on all of them by mid-year. They'd be silly to put out an update until they have certainty. Rick said that by Q3 2024 they should have a high level of visibility as to where the project stands form an execution perspective.
The days of Mr. Salt doing something are over :) This is Rick's show from here on out. Rowland will be a great technical help as the mine construction commences. However, the days of Rowland being the face of SALT are over (and I suspect he's happy about that).
There is a lot more happening in the background than we know. These guys are flat out on this. However, they are not going to announce it to the market until they get closure on key items.
These guys are hell bent on compressing the timelines as much as possible from the FS. When Rick was hired last Summer, we all knew it would take 6-9 months to start to get some footing. We all should have known that it will be a quiet time until that was accomplished. We should see a lot of stuff solidified over the next several months.