Katusa on FM
We have received many questions from subscribers asking if the EPA news has changed either the permitting process or the First Quantum’s stance on the JV. Let me first address the risk of First Quantum walking. I will go on record and state that I believe First Quantum will spend the full USD$150 million to earn into the right to spend another USD$1.35 billion to earn 50% of the project. I believe First Quantum will not walk. The reason? Nothing has changed from a permitting process perspective.
So why did the EPA put out the release?
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