$3Bil in Gold in WA State?Canadian mining company reports finding $3 billion gold deposit near Republic (yahoo.com)
Not much said about this WA State concession by CXB and a little over zealous reporting maybe, but if you read the few comments, they do not think a mine could be permited here and I agree, or at least permitted in a timely manner.
Yet we have US/CA with very low country risk and here this guy says they have $3Bil in gold and I bet the majority are doubtful they could every mine this gold even if factual on the $3Bil What if this mine was in Nicraraugua?
Think permitting would be much of an issue as long as CGX followed the proper rules and guidance of doing as little damage as possible to the environment. Staying as green as possible as they are doing now.
A mine in Washington State would have to fight the Greenie State Politicians, the various well funded conservation groups in the US. A very green congresss and the biden team.
If 2023 goes as planned, I think by 2024 CXB could become a buyout candidate. A Chinese company could buy and give 2 chits about biden sanctions if he could somehow sanction something that would acutally materially affect CGX.