We are pleased that the Mining Inspectorate of Sweden has progressed the Company's application to the Swedish Government and that the Inspectorate believes that the fundamental prerequisites for the granting of an Exploitation Concession for Kallak North have been met. This is a validation of the direction set by the Company's previous management, studies conducted by our Swedish employees and consultants, contained with our submissions, and our focus on addressing matters of concern to our stakeholders.
"We have met all fundamental requirements set by the Swedish regulations for the Application and as such we remain confident the Exploitation Concession will be approved by the Swedish Government. We will continue to work with all our Swedish stakeholders in the months ahead to strengthen relationships and advance the future development of Kallak North."
With the Swedish government announcing that they are going down the route of Quantative Easing in order to try and turn around their economy they have this opportunity to 'Invest in Infra structure' and exploit a major resource. So will they stick to the subsistence life style of the Laps and tourists or will they chose the economy jobs, revenues and exports? Must be a bit of a no brainer if they are serious about turning their economic corner.
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