GREY:DULMF - Post by User
Post by
EatMe1on Apr 04, 2011 1:44am
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Post# 18380246
Big Projects Take Time
Big Projects Take TimeHave been reading the posts over the last month or so and think that I should add my two cents to some recent comments.
'rocdic' wrote, "Yes And also reading that it will take three years to get to a Bankable Feasibility Study???
Wonder why so long...If thats the case itll be dead money for awhile..."
Answer: do you know what a BFS is? Have you ever been audited by a bank? This is perhaps the largest mining development project in the USA in over a century. IT WILL TAKE TIME to figure out how to mine a >>billion tonne resource over the next century and dot every i and cross every t to get a banks billion or so dollars. I'd guess that the company is now simply trying to figure out the scope of the project after the Franconia takeover (how many billion tonnes is the project now?).
CIBC Report, Duluth Metals now #2: Will Pebble ever be mined is the question of the day. Most people that I deal with say a resounding NO WAY IN HELL! All I know is what I read in National Geographic and it ain't pretty for Northern Dynasty & Anglo American.
Am awaiting the announcement of the company that will complete the Prefeasibility Study. From what I know of Antofagasta it will be a huge announcement.