Post by
Dragonflyinvest on Jun 06, 2024 8:01pm
"is NCU minable?
' Sure they have a lot of ore there but can they get it?
That was what the feasibility study was for. I suspect the most of the following autopsies posted here will most likely sound like the Blind men and The Elephant, but if you want the original sin, Pala, probably never intended to build a mine … they wanted to market a permitted, large reserves, domestic project to a major thus having little invested beyond time of planning. When the Land Swap bill languished in the Republican congress of nearly a year as the bottom fell out of the commodity prices, Pala thought that building a mine wasn’t so hard, all they needed to do was hire the contractors Right?
If you wish to draw a broader financial moral to the story, it surely would be the high risk associated with under-capitalized ventures. If something goes wrong and costs increase, a natural tendency is to then cut corners hoping to reduce cash outflow.
BTW – Anyone who invests in a one-trick pony show START UP and then loses their money have no one else to blame. It always was a high-risk speculative bet, nothing more, nothing less.
b.
Comment by
dheadley on Jun 06, 2024 8:20pm
You are absolutlly right. Nevertheless we have to look at the sirtuation as it is now. Has Pumkin Hollow been a comlete waste of time and money? Or can somebody with deep pockets find a way to get the ore out at a profit?
Comment by
nofluff on Jun 06, 2024 8:45pm
If u look at the other UG mines started recently, u will c they all had the same issues. Ncu early guidance was for what we c. Yes. This was manipulated down. That is life. Nf
Comment by
patchh on Jun 07, 2024 4:05pm
if the headline in the newspaper was correct yesterday. that water may B divferted into the walker river// the conservsancy announced new sources of hydro for the walker lake.. did not see a by line they were paying for it... lets worry about the 350 jobs here @ yet.. the nevada mine's and engineers fixed that leak