With all due respect I think what you may not be familiar with is that the first and foremost difficulty in permitting is the combination of politics and ideology of the regulators,not science. While there may be unreasonable regulators to be sure, they have their own dynamics, just is what it is in the United States.This wont be changing.
Second, while there have been advances in certain areas as you point out, the permitting process is inherently time-consuming and uncertain. To give an example- in the United States there is a system of "patenting" mining claims. However in 1990's secretary of interior publicly stated regardless of the law, he block new "patents" ( essentially making mining claim private) being issued.
Third, how does company approach the process ? They had application rejected so they re-made application, that is how I understand it. Does this give confidence they understood local permitting dynamics ? I havent reviewed the permit paperwork in detail, but just glancing I noticed a simple baseline study that is normally first thing one does the company didnt do in a particular instance.
- My point is that the permit prcoess is difficult for any company in most parts of the country.How the company manages this process and makes projection is a different story. And even if they get permit this year or next without conditions, company needs the savvy to manage finances and investor relations to raise capital to make a go of this project. I see little evidence of a trck record of meeting objectives. If you do, please do let me know if I am incorrect in this opinion.
There may be some potential value here, but this management doesnt appear comptent to realzie that value, and would take years to do so. Until then at best a short term complete speculation on buying stock to sell to true believers.
I still believe they will de-register the stock within 12 months.
