-Is it an orange?
-No
-Is it an orang utan?
-No
-Is it an orebody?
-No
-Is it an ocelot?
-YES!
Here’s the news from Augusta Resource Corp (AZC) (AZC.to) last night:
TORONTO, May 22, 2014 /CNW/ – Augusta Resource Corporation (TSX and NYSE MKT: AZC) (“Augusta” or the “Company”) provides a permitting update on its Rosemont Copper project located in Arizona, USA.
The Company has become aware of a U.S. Fish and Wildlife Service (US FWS) letter that was submitted to the U.S. Forest Service (USFS) summarizing their rationale for re-initiation of consultation, which includes the recent sighting of an ocelot in the general study area. The animal was photographed by a remote camera some distance south of the project site. The USFS is currently evaluating the issues raised in the letter and, as the action agency, will decide whether further consultation is necessary.
….
Commented Gil Clausen, Augusta’s president and CEO, “While we are disappointed with any delay, our expectation is that these final issues will be handled in a timely, expeditious manner.”
And in other news, Red Kite harvests another $175k from its sponsorship of this one. Throw it on the pile, guys…
Now, if HBM let its bid drop next Tuesday, that would be funny. Though on reflection it’s extremely unlikely, Garofalo has too much reputation and personal ego riding on this call.