RE:RE:The Chin-wagging about ETG continues …
Yeah, I hope you do well with IVN.
The Congo may be a little too much domestic politics risk for me. Even Pebble in Alaska had too much risk for me, dodged a bullet there.
Looking harder at opportunities in North America, and Australia. Golden Triangle in B.C. looking good, Nevada is also a mining friendly jurisdiction. But for the time being all my copper chips are in OT through ETG, we'll see how it goes. Feeling pretty positive about it.
Man, political turmoil in Peru and Chile, environmental warriors and an array of opposed NGO's in Alaska and Michigan, hostile aboriginals in Australia and Arizona, quite apart from all the risks involved in locating an economic copper deposit, there are a lot of cowpies not to step into. Is there access to transport and power? Is there sufficient water? Can tailings and a mill be constructed? Is the site far enough away from population and native heritage sites? Look at a great property like New Prosperity for Taseko ... only problem being they have a pretty little upland lake there and of course the local natives are furious if it is going to be destroyed. So stall, stall, who knows if it will ever be built as a mine.
Resolution - no resolution with the Apaches. Pebble, the salmon and grzzly bears are getting priority and it looks like a no-go. The politicians pander to the the fantasy of 'woke' urban environmentalists who want their modern clean energy grid, but they dont like any of the dirty foundations required to make it happen. Don't know where they think the power grid gets fuelled - solar and wind can help, but won't cut it alone. Nuclear if it can be done properly might work. Stuill need a whole lot of great big copper mines and that means holes in the ground or subsidence, plus tailings ponds, smelters ... there is NO magic answer, only trade-offs. And as for resource nationalism in the developing world, yes, sovereign hosts need their fair cut at the "going rate" too! as do domestic labor forces in places like Peru and Chile where unions have been battling the big international miners for years.
What did Kermit the Frog sing? It ain't easy being green?
cg