Game over?!? The size of the disaster is mind blowing. THERE ARE 35 MILLION CUBIC METERS OF CONTAMINATED LAND, that has to be removed and stored in safety place. That is around 100 million tonnes. Will be safe to assume, that the price to move this will be 4 to 5 dollars per ton. So we have half billion in the best case scenario.
It is 7 days now. Unfortunately the miners are probably death. Everyone watched the video how they died. Everyone knows about the cracks that was reported by the workers themselves, long time before the incident. More, there was an major incident that closed this mine for 2 years. It was open 2022. Just to have another one only 2 years later.
- pler is done
- Hod Maden is probably on fire sales as we speak
- Gov. penalty should be nord of 500 million
- 500 million to remove and safely stored the contaminated soil
Marigold & Seabee AISC of $1,575 to $1,625 per payable ounce could be not enough to overcome this.
I believe that this company should be trade south of 4,5cad.