Talentless, it is interesting that you should bring this up. And it is a reasonable issue that you have raised.
I noticed in the most recent 4 page company update on 5 October, that there was no mention of drilling, in fact, the word - drill - was only mentioned once in the entire document and that was in relation to some old 1980 cores. This is very unusual for a mining company.
And they have made quite a fuss in previous announcements about how big a milestone it is, and how much work has been required, to get any local landowner approval.
Reading between the lines, there is a sense that this has always been an ongoing struggle for SHE.
However, it is difficult for a shareholder to determine how problematic this issue may become.
Local Ginseng farmers would certainly have some concerns for their irrigation water quality, as discussed in the latest update.
Historical data shows that levels of uranium and radionuclide in groundwater downstream from the orebody, exceeds that of the WHO safe drinking water limit.
I can only say that if I was a Ginseng farmer, or living in the area and consuming this water today, that I would be vigorously opposed to any mining in my family's backyard.
For the moment though, and as an investor, I am happy to trust that the SHE directors and management will make the right decisions for the local community, and not endanger anyone.
Anyway, it seems that SHE are having to go to extraordinary environmental efforts in order to just be permitted to talk with local farming associations.
I have emailed the company for more information on this issue, though I am not sure how detailed the information they can provide will be. The directors and management of SHE do seem like open and honest people.
If anyone hears any news about drilling, I am sure it would be appreciated by all shareholders if they posted that news here.
Gw
SHE Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
