RE:RE:RE:InfrastructureCurvature wrote: Nickel Dude! Could you post where your information is coming from. Some appears to be a simple cut and paste from the company's web-site but your statement that " Yukon Energy has the Power Capacity" and that "Vit has a Power Purchase agreement" well I have no idea where you got this from! A letter of Intent is just that but is not even close to an actual power purchase agreement! A few years back when the original LOI was actually signed the head of Yukon Power stated that Eagle's needs far exceeded Yukon Hydro Capacity even with the expansion at the time! Additionally rates and capacity would have to be negotiated when financing and production decisions are finalized! Maybe I missed some update since then??? Needless to say, that does not say the Yukon does not have Hydro potential! In fact, the hydro potential is 10 fold of actual demand! However, potential is not capacity! Further, any hydro capacity does not consider others that may go on line before Eagle!
Curvature - I do not copy and paste. If you do it don't assume everybody else does it!
It just happens that I know a few things about mining...
I would highly recommend you take some time and read the updated Feasibility Study dated September 12, 2016, section 18.4 for exact details about the power for Eagle Project. VIT has a Power Purchase agreement with Yukon Energy already in place (hydro power from Mayo B dam). Power requirements for Eagle project are modest, while compared to other mining operations, as this is a basic open pit mining operation with heap leach gold extraction.
As for other mining projects coming online before Eagle - that was an entartaining statement. I guess you may be right if you take into account some placer mining operations...