RE:Bill introduced to convey BLM land to Yerington - When congress delayed the land bill, and the price of copper cratered, Pala thought they could scrape by building a "satellite” mine to the OP for a couple years until the price of copper recovered and they could sell the mine then.
The UG mine was a “compromise” and an alternation of the original business plan that sold many early investors on PH, a second best guess that was really not best at all. When we learned that they were litigating with their first shaft contractor, that should have been an indication they simply weren’t up to the task. I never dug into the issues of that lawsuit, but knew there are too many other copper miners available to get involved with a management with such internal problems.
So, when some wonder if PH has “a red flag that this property is not likely to be profitable under new management.” We can only speak of this second-best compromise that Pala had neither the financial resources nor mining experience to properly manage. I do not see the problems that Nevada Copper has experienced with the UG as indicative of that which a major building the OP would encounter.