Heart skip a beat...anyone...? It was exciting to see that there was a news release first thing Tuesday after a long weekend. Of course we all have the same thing on our mind. We all wanted it to say something else. But one day it will...one day...
This release while discussing administrative details is still telling of a couple of things to me.
There is an incredible amount of check boxes that need to be checked before any new explorer can hope to become a miner in Quebec. It makes me laugh heartily when I now hear about the short timelines that some are putting on their path to production. It is slow, long, laborious and fine detailed. This is true anywhere really... but Quebec is where my concern is now. I was naive in the past. No more. Everything takes longer than anyone thinks.
Having more of the paperwork in place again is further de-risking and solidifying the relationship with the government, the other stakeholders in the region, and potential partners that have been involved in the discussions to-date and have been doing their calculations and waiting out a crappy market environment too.
I very much like the tone of the PR.
Administrative requirements but with the effect of propelling the conversations and other activities forward on the way to the FID.
All the pieces need to come together and they need to happen in order.
We all expect to see some recovery in Li sentiment and share prices. Maybe already started.
The timing to completion is longer than we wanted but the path remains the same. The timing was largely out of CRE hands. I don't blame that on them at all. I did but I don't anymore. The entire market globally took a severe kick to the knees in the last year. We all know it. Blaming CRE is easy but in my opinion it is wrong.
Tides are turning. We are closer now than before on several fronts.
Patience will be rewarded. In my opinion.
HIBL