OTCPK:PGMFF - Post by User
Comment by
goldlocatoron Aug 18, 2021 3:24pm
151 Views
Post# 33724783
RE:RE:RE:Could PGM go belly up?
RE:RE:RE:Could PGM go belly up?Megamister.....good that we agree on PGM. Not a Rubicon and way better managed.
Here is a portion of the rubicon NR of Oct 5
TORONTO, Ontario – Rubicon Minerals Corporation (TSX: RMX | NYSE-MKT: RBY) (“Rubicon” or the “Company”) has been ordered by the Ministry of Environment and Climate Change (“MOECC”) on September 30, 2015 to temporarily suspend mill operations at the Phoenix Gold Project (the “Project”).....
The actual MOECC Order is number 8603-A22JS7. There was no possible way Rubicon could run throught he winter. All mines in this area have to cease discharge of effluent on Dec 1 and store it until mid March. Rubicon's TMF was actually over the safe limits when it was forced to close. That is stated in the Order. Read the Order. Very interesting history.
My personal guess for the purchase by Evolution was the high grade zone and I cannot recall the name....F 2 or something. There is virtually no way that the ore zone can possibly end at the claim lines so if I am right then Evolution will use the RMX drifts and and mine ore from the old Goldcorp ground they acquired. It will be hauled up using the Rubicon shaft and milled in the Rubicon mill. If my memory is right there were some very high grade intercepts very close to the claim boundary.
But lets not bore the rest of the posters here with Rubicon. If you want more info send me a PM.
Stay positive on Pure Gold. I have been involved in start-ups of a three major industrial projects. None started up with a push of the button and immediately reached or exceeded design. There will always be some hiccups or some design changes. It does not sound to me like these guys are hitting the panic button. They are addressing issues. They have a plan.