Re: Promises...Promises
in response to
by
posted on
Mar 01, 2015 05:38PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
I'll be honest - I'm a bit disappointed. I had hoped for more. But let's focus on the positive!
What I like about this announcement is that it is very focused mandate. The funding is for a study on the E/W road, nothing more, nothing less.
I would be worried if they had been given a broad mandate to examine various routes and issues, because that could have meant endless debate with no conclusion. This is an example of cutting up the RoF development in small pieces that are not too complex to handle.
This mandate is sufficiently narrow that the FN will come to a conclusion within a forseeable time frame (six months?), so that work can probably start next winter. Excactly what NOT needs.
Further it is in line with the duty to consult as the FN themselves are front and centre:
IMO this is a smart approach from the Governments, as the FN will have a hard time being dissatisfied with their own eventual proposal. I bet the FN won't come to the conclusion that they don't want a road, so the only issue is, where to put it.
So it is progress, slow but steady.
Best regards
DRA