Anyone familiar with mining knows the rigorous process! Subsurface licenses and permits, as well as getting political and public agreements and contracts, socio-impact assessment, fully detailed environmental risk analyses with a fully risk management plan (RMP), QRA, SIL, Safety base case, field or mine development plan-FDP or MDP (with conclusive mineral deposit information), marketing and sales strategy, with full royalties agreemtns in place (e.g. federal lands, state lands, indigenous people's lands), specific land allocations... and these are just some!
So the answer is YES, they lied and knowingly decieved the public.....presumably with the intention of duping people into purchasing stocks.
Lets be real. A few Geologists would never be able to manage this alone. THis would take a lot of investment, including several support agencies, starting with a local PR group, local legal team, Environmental Management Group, EPCC Contractor fully supported with a Regulatory Team and supported with subcontractors for an ESHIA (Environmental and Socio-Impact Assessment), Risk Management Group (with all the supporting software), a political analist, fully supported by state and federal lobbyests.....and the list goes on!
Point being, there's just tooooo much regulatory oversight. Everything comes under public and political review and then add the NGO's into the mix....who WILL get the courts involved (see Alaska Pebble Mine-which has been in process for over 10 years).
Again, if I would have followed my own professional understanding of all this, no way I would have invested.
Hope this helps.
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