Post by
templetooth2 on Sep 11, 2024 8:04pm
Beaver Creek presentation
I think it was about last November that AMC submitted their plan of operations to the BLM or whatever fed. agency is the authority here. At the time, the company advised that approval of these new drilling pads should take about a year, probably a bit less.
Today's presentation tells us to expect approval in 6-9 months. Likely in Q1 2025.
Elsewhere in the presentation, in response to a question, the new guy (presumably the CEO - he didn't introduce himself) thought that the approval time for the plan of operations for an actual mine would be 3-4 years. I assume that's 3-4 years after submitting detailed plans for said mine.
Bottom line, this project is a LONG WAY in the future. I thought it interesting that the Contango ORE guy said very definitely that they avoided federal land - just too much of a headache.
Comment by
SPACEDOC on Sep 11, 2024 8:53pm
Maybe a bit long but you can't make the copper or gold disappear period. Look after the PEA for a major buyout or. JV with them footing the bill for capex and drilling