In the quarterly, company states "... is now in possession of the Development Proposal and Environmental Management Plan ("DPEMP") for the Barnes Hill nickel-cobalt deposit with the receipt in December 2010 of the Mine Plan and Terrestrial Botanical Survey and Fauna Habitat Assessment. Proto is now providing the comprehensive draft DPEMP to these authorities and stakeholders for comment. Final lodgement for formal assessment is now planned for early 2011 and will include any recommendations from the authorities." company has gone to great lengths in its dpemp and is addressing systematically what it may come up against in the form of opposition to the barnes hill project from environmentalists. ultimately this is good as it will show proto is taking all its responsibilities seriously but these things take time and I think that if they are still canvassing opinions about their draft dpemp and it is still not lodged we may be in for a longer wait than we would like. so be patient and if you can afford it take advantage of the sp because once approval is granted I dont think we will see them this side of 10c again.
PRW Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
