I have read the annual report and the upcoming annual meeting of shareholders.
Outside of the usual talking points in annual reports the most significant aspect how the company is addressing the so called " Save Kipawa Lake issue" or the environmental concerns.
I don't think that this project will be stopped. Toyota has spent over $16m and Quebec has granted $4m towards this project. This has been going on for 3 years and if there ever was going to be an impediment towards moving forward, this project would've been shelved.
The overall potential for Canada becoming a major player in the HREE sector is and will probably outweigh the dissent. Now, this doesn't minimize the possible eco damage, but it will just make the project to become very conscious in setting strict environmental guidelines in place.
I do have to say that the company has gone through extensive length in conducting their responsibilities within the social acceptability aspect.
The company has held in 2013 a total of 182 meetings and expect to continue through 2014.
Many of these meetings were held with the Chiefs and council of the communities. At that time, the company's Confidential Agreement was signed and they are now discussing the exploration protocol, with an anticipated signature in 2014.
Matamec has everything in hands to build an appropriate Environmental and Social Impact Assessment. This baseline report includes all the usual parts of the physical environment, the biological environment and the human environment.
It appears from this report, the company has been very out front in providing the various environmental impact studies and as of this writing and as the annual report states, appears the company is well positioned to satisfy all concerns and I believe things will move ahead.
I think we have a solid and open minded company that is out-front in explaining any dissent with respect to the environmental concerns and feel that exciting times is about to happen for this junior mining company that will be the standard in the HREE space for years to come.
The company has an impressive portfolio that can only enhance shareholder value and I consider this company way undervalued, but understand the reason why and is mostly due to these environmental concerns, but once these concerns are met and I believe they will be, we will see a major shift in the share price.
Of course, things can change, but so far the company is meeting it's obligations and that itself deems very important.
Have a good day
Varok
