I am going to hazard seven years to first production - 2029.
Permitting is both complex and finite. Expect noise.
There is a large, very high grade Cu cherry right on top of the Arctic deposit. Instant FCF to fund capex.
Cannot credibly run this major mining project on diesel, except ore roasting. Wind + batteries. Electric Caterpillars. Electric trucks. The technology is coming up fast, but Arctic cold complicates the equation. Miners will really appreciate clean power and torque of electric motors.
Ash
S32 Price at posting:
$4.77 Sentiment: Buy Disclosure: Held
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