Here is a trivia question. How long have the Larson's (including kieth's father) been involved at mt emmon's. Hint: think decades. It is hard to call something a catalyst with that kind of timeline. A catalyst is something that accelerates something, most typically a chemical reaction. I think a different wordmustapply to something that hasn't contributed to the success of the company for decades , like "retardant".
Of course a big advance on the moly mine front would move the shares. 1) swap it for $100 million of forest service leases somewhere else and walk from the water treatment obligation - that would be big; 2) get the plan of operations approved and find a new JV partner to finance it (and take over all costs for the water treatment plant and all administrative costs during development of the mine) - maybe USEG could retain 20% of any future earnings stream - that would be massive; 3) Just walk away, removing all the recurring expenses for water treatment plant and ongoing legal and administrative work - disappointing but still positive overall. Anyway, all I'm saying is don't hold your breathe. This thing has been simemring for a long time. My most disappointing moment was when TC walked away leaving millions of dollars of invested capital behind. They obviously thought zero was better than ongoing bleeding. I really struggled asking myself why they thought that zero recovery on millions of invested capital was their best option.