Post by
ekim on May 17, 2016 5:04pm
Fastrack Chidliak?
Up to date, the progress at Chidliak has been slow and methodical.
The one thing you can't speed up are the environmental studies..which they should be in year 7 now and that is necessary for the permitting process.
How to fasttrack it?
If they can get a partner or third party involved post PEA, (We are not going to here anything until it is signed on the dotted lines...so nothing has been signed to date) the project could be really be stepped up.
The preference is to drill on ice as they can move the drill around quite easily.
There is nothing stopping a fully financed 'go' project to send 2 or 3 core drillrigs up to site for an extensive drilling campaign (geotechnical, resource definition, deep drilling) in addition to getting the LDD RC rig going. A mobile DMS would be purchased..but it would need to get a Permit to be installed and used. Not unheard of..but the permit is probably more time sensitive then the purchase and installation.
Point is, if a deal gets signed, it really is a big game changer for the project.
Nothing gets signed and the project is slow and methodical....which may still be fine as you start the permitting process.
Permitting is another big point as well. You can fast track a lot of things..but you can't fasttrack permitting. PGD has done a lot of preparatory homework with respect to permitting and that should help more then just more money itself.
We are used to this slow and methodical process. Some might say painful or numbing (oxymoron there :)) and with the signing of an ink pen that might just change gears just like that.
Not expecting anything specific before the PEA...other then PGD doing a lot of talking to interested parties/analysts/etc. leading up to the PEA....and hopefully some very serious discussions.
Time is ticking quicker. Technical report should be out by Friday or Monday.
LONG...PGD
EKIM