kingkingmaster wrote: I'll put my responses in bold below
These are the issues a real mining company will need to overcome:
-doing business in the PI
-local level bribery/extortion as a publicly traded company
-PI government/political moving target
hence - you have villar who will easily handle any issues here.
-metallurgical issues (major issue) and related infrastructure and operating costs
can you elaborate?
-displacement of small miners
Can you provide proof of these small miners that will be displaced?
-local opposition
can you provide proof ? what locals are against King King?
-tailings disposal
-acid generating waste and materials
-water management, treatment and discharge
-perpetual post-mining water treatment and discharge
-existing mercury in Kingking river
these issues have most likely been tackled with their Environmental Impact Assessment. EIA or ECC. Which has already been granted many years ago.
-being shut-down at the whim of the government
mines that have been shutdown were due to non-compliance of environmental protection law. please name a large mine that was shutdown recently?
-being forced by the government to only operate and underground mining operation and related economic impacts
this is why it is trading at 11c, not higher. SAU needs open pit mining ban to be lifted to proceed. otherwise this is dead in the water.
-closure cost and perpetual maintenance
what are you even talking about?
-government’s slice of the profits
duh? its called taxes.
-acquiring sufficient land to operate
all land has been acquired including the port facility area. 100hectares