RE:RE:RE:RE:VGCX - Silence is Golden!I do, (unfortunately I'm that old) and you're right it was far worse and they survived!
And another important thing VGCX investors should not overlook is that VGCX management has established and maintained an excellent working relationship with the First Nations in that area and have continuously been very supportive of educational programs, etc. And a large proportion of VGCX mine employees are women and First Nations people.
The Mayo Mayor was being truthful when he stated that this incident would have a devasting effect on his community. You bet it would if the mine doesn't resume operation and soon. About 400 FN community members suddenly stop making 100K plus salaries and become unemployed. I'm sure the First Nations Chief there knows and fully appreciates this and although she has a responsibilty to represent her people, she no dount recognizes the social and economic benefits with being partnered with THE largest gold miner in Yukon history and the future benefits that are yet to come as a result of this partnership as that area becomes an established and world renowned gold belt. There's apparently already around 21 million ounces of gold discovered and the've barely scratched the surface.
Victoria Gold Corp. | First Nations Involvement (vgcx.com) So if the environmental damage is manageable then my guess is the FN Chief will support getting this mine back up in operation and the Mining and Resources authorities will follow their lead.
Again, it's too early to know the environmental impact extent but the FN Chief stated in a recent news release that this was their first and top priority and they had expert boots on the ground at the site so I see that as a good thing. The sooner they get this aspect assessed and sorted out the better.
HB77