Gold and cooper developer play. The mine is in Alaska and has a humongous underground resource that they could be developing, but for the ESG racketeering that they are getting hit with. This is a potential strategy that major players use to acquire interesting take out targets; get the environmentalist useful village idiots to halt the project's development until current owners bleed out all the cash they have, buy it out on the cheap once they are broke and pay off the environmentalists and govt agencies.
The company has recently hired a new ESG person for their board of directors. Given the size of the projects reserves if investors get even a whiff of the ESG crowd backing off the company's value gets sent way high up. We are at historical support prices and this stock looks like a prime target for a short squeeze and some liquidity mining with a positive news press release.
Between the royalty investor that came in last august with 12 million up front and 60 million promised to invest over 2 years, with the Sacket v EPA case within weeks of its decision and as it stands with the definition of WOTUS is extremely vague its likely this case takes powers away from the epa, it seems like the sentiment is strongly in favor for this project to roll through. As it should, because regardless of which political side of the fence we sit on, those deposits of Copper, Gold, Silver, Molybdenum, Rhenium, etc. are all needed for the future technology to come.
I agree with you though, they want it because they know its worth a lot.
I agree with you though, they want it because they know its worth a lot.