RE: Eml5 Sep 2023 14:55
Goldbar; The sticking point is water, lack of it. When EML put forward plans for mine ( seems an eternity ago), dams were full, and seasonal rain was 'on time'. The last several years, the Kingdom, like many countries, has lacked rainfall in quantities. The EISA is a document that assesses what impact the mine has on local environment. It's all the name really. Since water is an obvious necessity to local, any development that might affect the local supply is going to have much scrutiny. I suggest PDMR's were very slow to react to this, and have only put forward alternative sources of water ( from waste water facilities) recently. Creating jobs is great for the local community, and will probably require labour influx to the area, hence exacerbating water problem. It seems my suggestion, of several months ago, to use sea water, and a desal. plant was a little too much to grasp for this incompetent BOD. The financial metrics of the mine are sustainable enough for a multi million $ investment in water, especially if excess water can be sold to local Water Boards. IMHO I think this project will have no resolution this year., it's only 4 months to go. Just hope it has sufficient cash to get through this time. A cash raise is an impossibility.
Just read mystic mats last post. 'When nothing makes sense etc'. Incompetence of BOD and failing to problem solve makes sense. Now mystic, make your mind up time, is it a fraud, or is it being primed for sale to OCP. Another few suggestions from you, and all possibilities will be covered. BTW it's 'you're party', not 'your party'