Awesome ty. Sorry I have some I dont believe serve the boards well on ignore. So I may not have seen this.
Now I understand why it has been so incredibly hard to get these answers to my questions and it is as I fear the most.
The steps shown are
1) Resource Upgrade= Understandable but yet I dont know how they will confirm anything under the pit if full.
2) Mining License= I an aware of other Greenlandic mining companies submitting this before SIA and EIAs are approved. They dont get approved though until the former stages are passed. So you can submit that any time really.
3) Environmental Assessment= Ok so this one does worry me. First they do seem to be required to test the pit water. Doesnt seem to be as clean and as clear as we may have been advised. Results will show. But doubt remains in EPMs mind as equally as mine (did you get that joke....mine/mine...I crack me up! )
The real killer here and why I am not getting an answer for it is this.
Go check the other mining companies who have put in Environmental Assessments. They are not this close to the sea. Have less environmental risk and yet still their applications have taken around 6-9 years. You know them all and a good researcher. Im sure you can find this.
So I fear I was correct in asking as I have and thank the company for giving us this info.
I cant see any "short term cashflow" I cant see where the pit wall can be checked and certified prior to the tenements sale I can see the companies toxicity concerns and believe I know a few of them too which are being played down. For me given this I see a lot of waiting and risk I wonder if the project is really worth the pursuit given so. According to another poster 3 buyers walked away. I think I now understand why if what has been written here is correct and why we are not getting any answers to these fears when posters ask and email. Just been buried in "fake" "downramper" "misinformation" claims it seems. When now you can see there could well be legitimate concerns.
I may be wrong. But read it for yourself (Ive taken years to amass this knowledge in Greenland and to know very well what people play in it. But this sort of info is easier to obtain via google or email on Environmental timelines etc . Look into it and I think youll find what I am saying is both honest and likely in my opinion.
EPM Price at posting:
2.1¢ Sentiment: None Disclosure: Held
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