ATU 0.00% 0.5¢ atrum coal limited

Ann: Elan Project Scoping Study, page-5

  1. KSD
    1,865 Posts.
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    I think Grassy Mountain has its best shot now of getting a permit than ever before.

    If you think about it, Government balance sheets are going to be cooked for a decade (if not longer) in a lot of places because of the economic impacts of Covid, including Canada. Post Covid, Governments are going to be super keen to see investment ramp up to get jobs going and kickstart bleeding economies, only thing is, they won't have the firepower to do it all themselves to invest in infrastructure and so forth given the pandemic packages they've been pumping out to keep people fed - the attraction of completely new mining investment in remote areas, with potentially decades of resource to underwrite regional economic stability and jobs for the future, and most importantly private capital would have to be worth close consideration...

    The impact of a mining permit being awarded to Riversdale is of immense value to Atrum, probably north of $2 minimum i would have thought.

    Just my opinion of course.
 
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