Post by
bigops on Mar 08, 2021 8:54am
Not so bad really...
Frustrating for sure...bad...not in my opinion. The delay is 100% due to Covid - one individual needed to be on site for the Federal process to be completed but could not make it due to needing to quaranteen (not sure why...must be a northern Quebec issue). The feds asked for 90 day extension to get the guy on site - but likely will be able to address the permit well in advance of 90 days...perhaps 30-45...we shall see. I've been waiting for this for 2.5 years, another month or two is no big deal. Nothing is derailed, no material delay, permitting a month or two later will not impair the construction....not to sound like i am not frustrated but I think this is a blip and a bump in the road. I still fully expect our stock to have a 2 in front of the decimal within 45 days....if there is weakness it would not suprise me to see larger institutions that have patience come in and goggle up stock. Anyways - that's how i see it...not so bad really
Comment by
Dareg on Mar 08, 2021 9:16am
I totally agree. Nothing is derailed; nothing new has come to light, just the exoected inefficiencies of the thumb up their backside, bureaucratic machine. Relax.
Comment by
Wheeler on Mar 08, 2021 9:38am
Does anyone know where the extra 90 days places the federal decision deadline? There’s got to be a date when it’s due, of course it could happen before that but there is a deadline.
Comment by
blowshigh on Mar 08, 2021 9:55am
I agree bigops, The process the feds use only allow for extension to be made in 90 day increments, ie they can't just extend for 3 weeks. They will likely not use all of the 90 days. The next update from the feds should give us a better idea of what length the delay may be.
Comment by
blaggers on Mar 08, 2021 10:14am
This post has been removed in accordance with Community Policy
Comment by
110158 on Mar 08, 2021 10:21am
New exploration is simply because what is show up to date is far from being enough. We will need more for our ....investors....and this is the way to do. More we will have proven reserves the more s.p should benefit from it.....simple equation PERMITS Go CRE Go