RE:RE:Apparent VGCX loss of slope & leach containmentIf any company (on Keno/Galena Hill) , HL included, is not doing pro active extra due diligence not only in day to day execution but also PR then they are asleep at the wheel.
HL is usiing the AXU initiated dry stack method (and use it elsewhere) but make no mistake that it is not infallible, and any leakage (some issues have happened) will have more ppl poking around HKH with more and more safety and environmental requirements. Hecla needs to be (as AKH is critical to the next Q earnings) be proactive not only with safety but with optics at YTG.
There are already esimates of 100M in costs to cleanup VGCX and in fact it is now strongly suspected the a large area above the current 1.3 KM long slip may be ready to follow. This is a CEO's and PR's worst nightmare for sure. The aerial shots are unbeleivable how much material was being leached and managed to escape.There is an immediate need to stabilize before any thing else is done.
I don't see business as usual in the foreseable future and sad to say here are also a lot of jobs at stake, mine was a YT mainstay.
Of course it always comes down to remediation costs (insurance coverage?) but there were some previous issues with infractions so who knows, might not even have been an engineering issue. There are already international experts looking at this and it doesn't look good. If any one thinks that a buck and quarter is a good time to jump ithen they have big ones.
Just even figuring out who's insurance is going to pay could be an issue don't know if they carry that much.
I was not aware of SSRM but I see your point. Thanks for the info and you are one hundred% correct SSRM had other resources to draw on. The other thing is the VGCX shareholders, waking up to the price falling off a cliff is and investors worst nighmare.