RE:RE:Containment dams were built at the mine site after the slide Buy what I see from the pictures, the collapse occured at the low point where the pregnant solution was bring collected and subsequently sent by piping to the pond and then to the gold recovery facility.( they are all right there under the point of the failure )
It appears to me that being more or less in the line of fire of the millions ot tons of material pouring down on top of it, , piping, pumping stations, valves etc it's all been destroyed by the collapse. There is nothing there to shut off. Millions of tons of saturated ore are free to spill down the landslide path unchecked. That's why they quickly built the two dams.
That was the reason Victoria's initial press release stated....some infrastructure has been damaged. ( not merely damaged but completely torn to pieces by the slide IMO). That's why I said to try to go there and restart production would amount to a suicide mission.
You're gonna go there and try to rebuild the delivery system to the processing plant in the middle of an unstable landslide with the possibility of millions more tons coming crashing down on ur head due to the steep angle at the the top....and heaven forbid there be a heavy rain event. NO NO NO.
The only way forward (if they decide do do so and not simply abandon the site for the time being as long as the cyanide is effectiely collected at the bottom and not entering the rivers) is a slow and very careful removal of all the landslide and fortification of what remains on the Leach pad to prevent further slides. Then after That's all done in maybe six months, to evaluate the economics of starting a plan to rebuild that part of the mine
That's only my opinion and as many here have said, it's too early. But that's what i see and I'm not gonna gamble with my money. This may be trivial for the big boys but for us retail investors, it can have long term negative impacts on our ability to reach our financial goals. No thank you. The risks are too high here. There are many other mining opportunities out there where you can double or triple your money now that gold seems to be in a bull run