Looks like Thompson Creek left a lot of value on the table when they pulled out of the joint-venture with U.S. Energy for Mt. Emmons. The U.S. Forest Service placed the mine into the NEPA Process earlier today.
I wouldn't hold your breath waiting for USEG successfully bringing that project along. From what I can tell, they don't have very deep pockets, and getting a mine fully permitted, built, and operating in Colorado, relatively close to a multitude of outdoor activities and activists, well, again, good luck, you'll probably need it imo. No, I'll stick with TC, they already have moly mines, the roasting/processing facilities, and soon, later this year, with Mt. Milligan, are diversifying into copper and gold. A much better bet, imo, with decent profits likely in the not too distant future. But we'll see.
The forest service already knows about the location and the activists and moves the mine forward into the NEPA process. They wouldn't have done that if they didn't think there was a way for the mine to be permitted.