GREY:NEVDQ - Post by User
Comment by
thomsonion Oct 21, 2014 8:34am
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Post# 23046358
RE:RE:MINE COULD BE PAID FOR BY 2020
RE:RE:MINE COULD BE PAID FOR BY 2020"I assume you are aware of Quaterra Resources locating three deposits west of town, and Freeport's interest in those projects. Pumpkin Hollow's synergies for Freeport are obvious. b. " Hi Bogfit: I don't know a lot about Quaterra's situation or deposits but am quite interested in learning more, particularly with Freeport's involvement in their project. It suggests that the Yerrington area has the potential to grow into a major copper producing area of Nevada. Multiple volcanogenic massive sulphide mines have been found in the Rouyn-Noranda area of Quebec in Canada for example. While not a direct analogy (different type of deposit), I like to think the Yerrington area MAY have that kind of multiple mine potential Freeport obviously thinks enough about the geology in the area to invest. On the negative side, Freeport also has a lot of debt which they are in the process of reducing over the next few years. They have excellent management who have been adept at picking up or discovering very profitable assets. (both copper, and their increasing focus on oil and gas in the deepwater of the Gulf of Mexico). Anyway--its a topic I think could be important to better understand strategically and has relevance to our situation with NCU's future.