Post by bailey2on Jul 05, 2024 8:01am
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Post# 36119308
Cyanide Leak- buy ETI
Cyanide Leak- buy ETII see that Victoria Gold Yukon mine has leaked 300 million litres of cyanide contained solution from it's heap leach pad into the surrounding environment, and there is " significant risk of a further slide at the mine". It's about time that these CEO's that are stuck in the dark ages of a cyanide based mining process to try to de-risk exposure of the environment to a potential catastrophic event. It unfortunately takes one or two of these incidents(closer to home) to wake people up, and put pressure on these companies to evolve from a centuries old mining process using cyanide.
Maybe David Morgan is finally right having EnviroMetals as his speculative play with his minions.
Have a feeling that there will be an abundant amount of money thrown at companies in the safe mining space that have a product that is very close to commercially ready to take the place of cyanide, where it is could possibly be implemented. The ETI process apparently costs no more than the cyanide process.
A royalty model to use the EnviroMetal process seems to be a lot cheaper to implement than a massive multi-million dollar clean-up, and potential bankruptcies, and shareholders fleeing a dirty stock.
Time to buy even more ETI. There will be no problem with funds going forward for Eti. Opportunity knocks on the door....