Lo and behold the Mayor stated on his 15 minutes with Randy show this morning that Riversdale is doing a share offering in the next couple of months. Which means they will have money to begin construction.
My heart skipped a beat that's nothing new back on Jan 29th Riversdale announced this share offering that will be taking place in June. You can read it at the following address: http://crowsnestpasshome.blogspot.ca/2013/01/riversdale-resources-finding-money.html
Now looking at the article you can clearly see that they are raising $63.4 million, the companies doing the share offering will take 5% which drops that number down to $60 million then they are paying $47 million for the land in the Pass which will leave a whooping $13 million which in today's mining world does not mean a whole lot they will need that money just to keep doing what they are doing as far as preparing for the regulatory process, and don't forget they are also working on their property in Alaska. So I would expect that the $13 million left over will get gobbled up very fast.
Sounds like a politician trying to put a new spin on old news.