Tuesday, June 20, 2017 10:52:56 AM
NSRC has indicated they are awaiting approval of their permits, but it does take time with this government. There may be some past issues NSRC may have as indicated on SH board, but I am hoping the company just resolves them accordingly to remove any issues from allowing them to go forward.
How much time does it take?
DNI Metals came to Madagasgar in 2015 and got their permits to mine graphite in 60 days at very little cost and are doing what they said they would do.
Riverrock said common sense would tell you "why would you get the mining permits before the financing?" I can answer that. Its to derisk your project so your financiers know what they are financing and share holders feel comfortable.
Obviously there is an issue and the company should have been forth coming with this info long ago. They should be able to tell you now.
You can check my history. I rarely if ever come to a different board and post like this, but there has been a lot of BS here for a long time that has caused a lot o people including myself to lose a lot of money
Lastly Hope is not a good reason to invest. Knowledgeable management of high integrity should be near the top of the list when determining future value.
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