RE:RE:RE:RE:Keno Hill begins ramp-up:330 tpd in June
Thanks Roberto,
Thanks for the point of view and information on remediation, I believe you are correct and the remediation of KH is still being completed. These things get a little grey when ownerships changes hands and company owned subsiduaries are involved. For some reason I thought Ensero was involved before 2020 but it's all OK, it's water under the bridge so to speak. My instinct though tells me that HL will keep Keno Hill as as a "book resource" until there is clarity as to profitabilty in relation to price for the mine(s). The cost of Keno Hill silver and getting it to market in todays environment are well known by now (one would think) and the current silver price does simply not support massive expenditures to re-open, though that would be great. I must also admit my interest in Keno Hill goes back many many decades and btw when UKHM was operational the renumeration to contractors was absolutely great. :)
I had always hoped Keno Hill would re-open and make a go of it again.. I just don't see it happening in the current "climate". As you saw the 90's financials you are well informed as to the companies, people and resources that UKHM approached to try to avoid bankrupcy.
I also understand this is the HL board and I really apologize to the HL shareholders here as I am not invested in HL stock as I divested from AXu when the red ink appeared and the promoters where having a field day.
It seems to me silver is now viewed more as an industrial commodity and no longer really a precious metal? And silver basically just follows the market?
AXU and Keno Hill would support this thought, as even with the four mines they were developing and the known silver veins they just couldn't get more investment and the shareholders freaked. Right now from what I see HL is just following market, they certainly are big and stable enough to just cruise along.
Thoughts?