OTCPK:GDMRF - Post by User
Comment by
louelon Dec 19, 2017 12:25pm
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Post# 27187759
RE:makeing of a company......news is out
RE:makeing of a company......news is outWow look at the known Au eqiv. grades. Ave. .82 ? $35 per tonne ? If it was a porphyry deposit it would be a different thing in my opinion. But underground ?
On top of the purchase they have to build a mill , tailings pond, be extremely carefull envrionmentaly as it is just above Revelstoke lake. ( Columbia River) Teck's trail facility found out, not only do you have to be concerned about Canada's envrionmental standards. But they also got sued millions in the US courts for causing damage to the same river waters.
They suggest mining start as soon as possible. An E/A certificate for the mine , mill site & pond are 2 years out after application in BC. and no construction takes place till they are issued. The NDP/ Green party are not mining friendly> After 7 years of study , work and investment with millions spent. They just denied the AJAX project in Kamloops. Claimed it was to close to the city at 10 Km away. And had climate change concerns.
If they wanted to take on another project There were a lot better options in the price range in friendlier jourisdictions that BC is at present. Getting to like this less and less as time goes by.