GREY:ABGPF - Post by User
Comment by
vessobon Oct 09, 2015 6:25am
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Post# 24178172
RE:RE:RE:Fabrice
RE:RE:RE:FabriceHolder21, I believe you are very right on all counts.
Especially in the context of a recent report issued by the Mining Association of Canada, called "Level the Playing Field" (April 2015). It quantified the cost of mining in northern and remote regions of Canada.
The primary driver of cost variation is the distance of a project from the transportation infrastructure required to service the needs of the project during exploration, construction and production. Average cost for non-remote (50km or less from a supply route) is $202.69/m drilled. For remote sites (51 to 501 km from supply route) the cost was 1.7 times higher. Very remote (greater than 501 km from supply route) the cost was 2.8 times higher. Assuming these numbers apply relatively to the US, Alabama Graphite's deposit, which sits on existing infrastructure because it was a working mine, has a tremendous advantage.
Add to this, Congress' recent bill to advantage mining of rare earths in America, and I'm liking the chances of success.