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3.8¢ kingsrose mining limited

Well good point, is it actually worth pursuing Penikat, lots of...

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rabbitoh

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137

16/08/24

18:42

Post #: 75245052
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Originally posted by Sunrayta ↑

This ground has previously had 100 holes through it. Yeah it was pre Natura 2000 but the red tape the Finnish gov they've created is insane. The money to spend on extra steps the drillers have to take to mitigate disturbance on snow packed ground it laughable. You would think the delays will allow the co to finalize all other area submissions but they may be subject to further environmental studies too. I would be happy to care less about this stuff if we were already on our way to drilling come Dec but this could be a 2 year process now as appeals can even come after the courts have made their judgments.

I'm personally righting Pennikat off as one drill program doesn't maketh a mineable resource with the ensuing red-tape to get it even close to a PFS. let alone ground that will ever be allowed to mine.

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Well good point, is it actually worth pursuing Penikat, lots of long term hurdles and expense , is this actually worth the trouble, i get why management has not bought shares on market, would rather see them focus on creating shareholder value than chasing unicorns.

KRM Price at posting: 3.7¢ Sentiment: None Disclosure: Held
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