i was told the cree are pissed off with the 18m high dams ruining the landscape. Permitting will stall the project well beyond 8-10 years.
Capex will reach around 1.5 billion and cause major dilution for existing holders. By the time PMET hits a decent marketcap many years down the track, sp will not bring the same value for long holders.
I was also told the cree will be pleased to get the jobs back around the already permitted renard hence increasing the likelyhood of remaining permits at Adina.
PMT Price at posting:
75.0¢ Sentiment: None Disclosure: Not Held
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