TSXV:AKH.H - Post by User
Post by
phoenix_traderon Dec 04, 2020 11:40am
227 Views
Post# 32037181
Today's SEA deal could mean five potential bids.
Today's SEA deal could mean five potential bids.KOWEPO, Seabridge, Axium (Forrest Kerr), Galore Creek and BC Hydro.
Each new mine requires 1MW per ton of concentrator capacity. Seabridge is permitted to build a 130K ton mill which now may be expanded for todays acquisition.
One of the real benefits to the More Creek dam is downstream water to increase the efficency of the Forrest Kerr RoR generators. During low Iskut flow months (probably 5-6), 3 or 6 of the 9 turbines do not operate. Water from More Creek (think giant water battery) will create more electricity. This is nothing new, BC Hydro engineers designed the system in 1980 when the Iskut dam project was envisioned.
BC Hydro delivers power to NWBC through a transmission line from Prince George which will be at max when LNG Canada commences operation. A second line will cost billions and 5-10 years to permit and build.
Kemano (Rio Tinto) can sell surplus power when not needed for aluminum production, Northland's Hecate Strait wind project will also be required.
BC Hydro has a real problem not only with Site C but also with meeting the power demand for another LNG plant at Kitimat and several new mines to be built over the next decade. More Creek buys time and increases efficiency for the already built Forrest Kerr RoR.
BC Hydro has recently launched Clean Power 2040, look it up,