meanwhile in the overland cockpit...., page-24

The other thing to keep in mind is Zinc was above $1/lb when $11.9 mill was raised around 2/3/11. However around the time when the company was aiming to submit a mine permitting proposal to the executive committee of Yukon Environment and socio-economic assessment board(YESAB)at the end of 2011 the price was between $.085/lb and $.095/lb.
So this may be one of the reasons to suspend the permit process.

Of course there is still the unanswered question, if they knew about the forward projection of a Zinc deficit in 2015/2016/2017, why didn't they continue with the permit process?


from the 2/3/2011 announcement;

"Work is well advanced on the technical, economic and environmental components of a feasibility study into the development of the Yukon Base Metal Project. The company is aiming to submit a mine permitting proposal to the executive committee of Yukon Environment and socio-economic assessment board (YESAB)at the end of 2011. The Yukon territory is a jurisdiction that is particularly supportive of new mine developments. The permitting process is expected to take between 12 and 18 months with construction commencing shortly after mine permits are issued."