Monday, April 11, 2022 4:29:23 PM
I am a bagholder in this. I bought at the end of the Pump and Dump in June 2021 when the Company was still peddling the bullchit “We expect to submit our revised CPA “this summer”.
If they get approved in this Gold market this should pop to $2.60-$3.60. If they do not it will absolutely implode to the low teens in very quick order and either go BK11 or perform a massive reverse split and actually mine a steady location that welcomes mining.
Buyer be VERY beware here. The Gibbliguck coming out of Oregon will never give insight to completion. But rest assured not one gram of gold can be pulled out until a Mill is built. $100m CapEx If Oregon issued permits on 9/1/2022 it would at least til 2025 until revenue came about. This Company will JV or be sold though. No more dilution is needed after an approval. The Jv will buy in the market and get A Bonds etc.
As previously noted, the original CPA was submitted on November 15, 2019 and the revised CPA was submitted on December 21, 2021. The revised CPA and several revised baseline data reports are under current review by the Technical Review Team (TRT). We are currently at Step 5 in the review process (the part shown as a review of additional information on our application process flow chart). Step 6 cannot begin until the TRT determines that the CPA is complete based on its review and any relevant input from a public hearing on completeness.
The 90-day review of a new CPA is the only part of Phase 1 that has a specified time constraint. If additional information is requested by the TRT, the time necessary to complete Phase 1 will depend upon the applicant’s response time and the time needed by the TRT to determine if the responses are adequate. As shown on the previously referenced flow chart, there are multiple
opportunities for the TRT to request additional information and for the public and interested stakeholders to participate in the review process. More details about the review and permitting process can be found in the relevant administrative rules (https://www.oregongeology.org/mlrr/chemicalprocess_Calico-GrassyMtn.htm).
Our chemical process mining web page (https://www.oregongeology.org/mlrr/chemicalprocessmining.htm) lists government agencies that are involved in the CPA review and permitting process and describes how federal agencies, local governments, interested Tribal Nations, and other stakeholders can engage in the process. Engagement activities by these entities can be found by reviewing the agenda and minutes for past TRT and PCC meetings (https://www.oregongeology.org/mlrr/Calico-GrassyMtn_projectdocuments.htm).
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