Nice to see some optimism, but quite the opposite:
- EPM has no REE resource defined, so lots and lots of exploration $$. Any resource mining is years away, at least 7-8 years and probably much longer.
- Who is going to fund them - if you assume GGG gets the chop, which banker in their right mind would sign up to the uncertainty. EPM tenement might have U or Thorium, no one knows. Financiers don't like that risk. Will shareholders keep putting their hands in their pockets ?
- Even to get the cryolite mine back up and running will need massive amounts of work. The area is a polluted mess (land and water). An EIA would be years in the making.
- EPM has other tenements which will require a lot of $$ to get cash flow. Quite some years off as there are no defined resources.
Not about the threat
@Chopsthecat just the reality of mining and the inherent risks. Don't get me wrong, I want EPM to be wildly successful as a shareholder but I'm not silly enough to believe Pokes dogma.
The best thing for all, ironically, is for GGG to get approved.
And, by the way, why do people think GGG will be a binary outcome (mine/no mine). That's not how the real world operates.
(20min delay)