Anyone know much about the permit approval process?
This time frame is beginning to grow a little uncomfortable with investors in PLA. First year production is anticipated at 95,000oz.
Even if you do the sums at $1200oz it is significant money this company is going to be making. It will repay all debt associated with the project in 3 months!!! Incredible.
If PLA can also make Kalplats a goer in the next five years then this company serves to be rolling in cash. The more cash, the more acquisitions will need to occur.
I'm taking a 5-10 year position with PLA, but I would just like that smokey hills permit to get us on our merry way. An update of some kind would not go astray.
PLA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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