TSXV:BER.H - Post by User
Post by
mnorth1on Feb 24, 2011 2:22pm
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Post# 18188707
Before you invest consider this
Before you invest consider thisI came across an article of interest in regards to berylium:
https://www.chemicalindustryarchives.org/dirtysecrets/beryllium/1.asp
In another article I found:
"Beryllium is one of the most toxic elements in the Periodic Table. It is the agent responsible for chronic beryllium disease (CBD), an often-fatal lung disease, and is a Class A carcinogen (as determined by the U.S. Environmental Protection Agency). The primary route of human exposure to beryllium and beryllium compounds is inhalation."
The biggest producer is brushwellman: https://www.brushwellman.com/EHS/BHS/2008%20Be%20SOCK%201-28-08.pdf
With the carcinogic nature of berylium becoming increasingly aware to the public, pressures on producers has mounted. Two countries that are aggressively developing their berylium industries are China and Kazakhstan (Ulba), both countries with little regard for human life. With huge potential to develop their supplies this will likely affect the price of berylium downward.
However, in North America where life is valued more highly and environmental sensitivity continues to mound it continues to not only become MUCH MORE expensive to produce berylium than in other parts of the world, but there is also the very real possibility of not being able to make it into production and even if once a company gets into production the law suits because of the nature of the metal can destroy the company.
Even if this deposit is as big as some people say, the grades aren't that impressive to me and I personally believe the cost to produce the berylium from this location WILL NOT be competitive with the rest of the world.
Sorry guys but this just doesn't look like a good investment to me. Just my opinion.