RE:Water, water everywhere ... but not where we want it. Dragonflyinvest wrote: Having previously had my posts on climate change denigrated as non-sensible babble perhaps they would also like to advise shareholders of Centerra to ignore the shut down of operations due to drought as unimportant and hardly worthy of notice.
"In the short term, there is a risk that throughput levels at Mount Milligan may need to be reduced in the fourth quarter of 2018 if, among other things, the Company does not receive regulatory approval to access these further groundwater and surface water solutions on its expected timeline; the flows from presently permitted or new sources are not as great as expected; dry weather conditions experienced in the first half of 2018 persist in the second half of 2018;
https://s3.amazonaws.com/centerragold/news/July2018/VPft9qqgVr0jnhvbpkox.pdf
I haven't researched Centerra's situation so I don't know if additional permits will resolve problem, however most understand that drought will become a more frequent feature as precipitation patterns alter, and that other mining operations will certainly be impacted in the future. We've already seen mine operations in southern Africa interrupted by loss of hydroelectric production. Those who still think of climate change as a non-issue or side issue will shortly be amazed as its impact become more fully and commonly experienced. Then disillusioned they will seek solace with, "Nobody saw this coming".
b.
"will become a more frequent feature as precipitation patterns". Only in a Fruitflys world does a year or two become a "pattern...". Your logic and knowledge on the subject is laughable and simultaneously hilarious, conjecture and unsubstantiated facts as usual. Sounds like you've been attending a few too many Al Gore climate change coaching retreats...
I've owned Centerra (CG) and Blue Pearl which became TCM. TCM was taken over by CG in a brilliant move a few years ago orchestrated by Royal Gold as they had to protect their investment in their revenue stream. I made a lot of money on TCM by predicting they'd be bought because of their great assets like Mt. Milligan and their Moly mines and Langeloth Metallurgical Facility. CG basically got the Moly assets for free as they are all on care and maintenance currently due to low Moly prices, that will change in the future at some point.
CG’s main asset, the Kumtor gold mine in Kyrgyzstan produces over 500k/oz annually. Mt. Milligan about half that plus copper. The Kumtor mine carries a significant political risk but has been managed well, unfortunately undervalues the company as a whole, I think they are working on a deal to sell it to the government and redeploying their capital.
CG has a lot of cash and a great pipeline of low cost projects coming online in the relatively near future. Great risk reward IMO. I know the area quite well near MT Milligan, l’ve lived up in this neck of the woods for my entire life, the alleged water shortage will be a temporary problem and snow pack varies from year to year, nothing new there, just the continual fear mongering about the end of the world blah blah blah. None of this has any relation really to NCU other than both are undervalued immensely. There is a substantial amount of money to be made if you have the stomach for the options.
As I predicted that TCM would be bought out because of its great assets and was undervalued, I also predict NCU will be bought at some point because of its great assets as well, unfortunately it will be for less than it should be valued at. My hope is $4/lb copper in a few years and the USA continues with its unprecedented economic strength that will fuel the economies around the world and push up demand for raw materials like copper for construction and expansion. The caveat on that is if the DNC somehow gets elected in 2020 and throttles back the economy with business killing over taxation and job neutralizing policies as they are best known for.
The biggest threat to the environment is uncontrolled human population growth, solve that and we will solve many problems around the planet, along with religion, but good luck with that one!