RE:Question for Doug Great question. I'm not Doug, but happy to take a swing at it. You hear a lot around here that Cynthia and team have been putting the various pieces into place for years. As this is a plan that's been put in motion from 2018ish when LME raised a bunch of money and replaced the Board.
Blue Heron Environmental was hired in 2020 to handle all permit management. In the last MD&A it reads...
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Environmental Permitting LAURION has initiated work required to apply for environmental permits in support of the advanced exploration Ishkday shaft project, which currently entails dewatering an existing shaft for access and exploration purposes and treating the dewatering output to acceptable limits prior to discharge. Permits will be required from the provincial government of Ontario, and are anticipated to include a mine closure plan, permit to take water, and environmental compliance approvals. The mine closure plan will require LAURION to describe rehabilitation measures that are to take place, and to post financial assurance for the rehabilitation work prior to commencing advanced exploration. The permit to take water and environmental compliance approvals, obtained through the Ontario Ministry of Environment, Conservation and Parks, are required to allow for dewatering and treatment activities. Consultations regarding LAURION’S plans and permits with its indigenous partners and stakeholders have been initiated and will be continuing throughout the permitting, exploration and closure phases.
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Indiginous consultations, and having the data for baseline environmental studies take time. You can't snap your fingers and magically have them completed. Cynthia and team have been working on that for the past 4 years. They have the required data and support from the Indiginous communities to complete permitting when it makes sense (aka for the new owner).
Also, in the link you posted it spoke about share structure. LME has a super clean cap table. The last raises we did had ZERO warrants. Meaning there won't be a ton of dilution. And we only have 3.5 million options outstanding. You can't get much cleaner than that to make things smooth sailing during a BO.
Hope this helps. As always, anyone else with more knowledge, please chime in.
littledude28 wrote: In regards to the video Bracko posted (below)
https://www.youtube.com/watch?v=RgTjHZjXkeY
He was stressing a lot about permitting. Does LME have all the permitting to bring the Ishkoday into production? (it could be several years and under new ownership before they get shovels in the ground) but sounds as if majors and other big guys are looking for something that is turnkey.
Do you know more about LME's current/pending permits? Are we still waiting for any major permits that are required for an open pitt mine?