RE:RE:RE:RE:CONFIRMED - Newlox is NOT green - Using Cyanide in Projects!Quit your incoherent babbling and attempt to answer my questions.
Now that we have established that Newlox is using cyanide at its plant in Costa Rica,
- Can you provide any evidence that the company has a permit to use cyanide in Costa Rica?
- Can you provide any evidence that Newlox has ever publically disclosed its use of cyanide as a reagent?
- How can Newlox represent itself as an eco-friendly green miner when they openly admit the use of toxic cyanide in their process? Their removal of trace amounts of mercury cannot offset the environmental risks of cyanide.
- If they don’t own any proprietary “green” extraction technologies or NI 43-101 gold resources, exactly what assets do they have?
- What is so unique about Newlox and do they have any barriers to entry in this space?
- How does the company justify such a high market cap valuation over their peers?
- Does the company’s convenient omission of its use of toxic cyanide constitute a continuing misrepresentation? (lying by omission).
The company’s executive is well aware that cyanide is not permitted in Costa Rica and has known it for some time. An undisclosed 2015 technical study prepared by UBC, exclusively for Newlox, included the following paragraph;
“…Although the use of cyanide is not allowed in Costa Rica, the cyanidation of the concentrates with grinding resulted in 87% gold recovery in 12 hours of processing. The idea is to transport the concentrates 200 km to Nicaragua to be leached with cyanide…” In summary, either Newlox had the legislated cyanide ban in Costa Rica lifted just for them, or they are using cyanide in Costa Rica without a permit, or they are using cyanide in Nicaragua. Which is it?
People deserve to know.
Lurker