RE:Dont get itThanks and you're smart to have avoided this. The "pump" issues are something that can be resolved but that's not the real problem. The real problem is the geology which cannot be fixed. The CO2 bubbles originating from the reaction between acid solution and carbonate rock prohibit pumping. They create air pockets which stops pumping dead in its tracks. The geology is NEVER going to change. This issue is permanent. The company proposes to continuously flush the system...over and over....until they purge the bubbles but this is not likely to work. For one thing it's ridiculously time consuming. For another as soon as they accomplish a flushing and introduce acid into the system the host rock will generate more CO2 bubbles. This is GEOLOGY! It cannot be changed.
The company failed in two ways....1st was not building a pilot plant to field test the concept...this is a critical blunder which would have revealed this problem a long time ago. Taseko built one at Florence and proved their thesis. MIN did not. 2nd was ignoring the geology. The host rock at MIN is different than the host rock at Florence. The fracturing is the same but there is nothing but limestone type rock all around MINs project. This will not change in a 100 million years. They pushed forward without proper consderation and now they are paying the price for their hubris.
The notion that a rising copper price lifts all boats is absurd. If you can't deliver copper it doesn't matter if you're sitting on a trillion pounds. Only wish thinkers and dreamers are throwing good money at this turd. The CRUX article raised this issues which have all been validated. It is my opinion that this is a failed project that has no fix. They will burn through their cash and that will be that. It doesn't even qualify as a speculation. Given how many good projects there are....Nevada Coppper, Western Copper, Taseko etc....only the most delusional or stupid would buy shares in this outfit that has done nothing but make critical mistakes.