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Bullboard - Stock Discussion Forum Discovery Silver Corp T.DSV

Alternate Symbol(s):  DSVSF

Discovery Silver Corp. is a precious metals company engaged in the acquisition, development and operation of assets. The Company’s flagship asset is its 100%-owned Cordero project, an undeveloped silver deposit, which is located close to infrastructure in a mining belt in Chihuahua State, Mexico. The key targets being evaluated include La Perla (10 kilometers (km) south of Cordero), Dos Mil... see more

TSX:DSV - Post Discussion

Discovery Silver Corp > Supreme Court decision likely to toss out the new law
View:
Post by Boreas7 on Apr 11, 2024 3:07pm

Supreme Court decision likely to toss out the new law

STRIKE 1
"There are certain ironies to AMLO’s mining reforms. The apparent ban on open pit mines contrasts with the nationalization of lithium mining in Mexico early last year. Hard rock lithium mining is usually best suited for open pit, bulk mining methods."

STRIKE 2
"One mining executive operating in Mexico noted the contradiction between populist AMLO’s advocacy for Indigenous and remote communities and his actions that undermine the mining sector. Mines in Mexico, often located in remote areas, contribute to local development by building schools and hospitals, and providing job training and economic opportunities. Yet, AMLO’s policies are essentially “cutting the hand that feeds” the very people he claims to support."

STRIKE 3
"A looming Supreme Court decision is likely to toss out the new law, deemed by industry sources as unworkable."


Ban strikes out.

https://www.mining.com/mexicos-supreme-court-could-strike-down-presidents-mining-reforms-next-week/
Comment by Boreas7 on Apr 11, 2024 3:40pm
I won't wait for the environmental permit to buy more. After all, DSV has already received the Quality Environmental Certification issued by PROFEPA (Mexico's Federal Attorney's Office of Environmental Protection), which is more than enough of a proof that DSV is doing things properly. As soon as the Supreme Court dismisses that stupid law PROPOSAL, I will add more to my already ...more  
Comment by Boreas7 on Apr 11, 2024 3:41pm
By the way, here's some very interesting information (from the corporate presentation) about DSV's compliance with environmental laws: - Tailings storage facility designed in accordance with Global Industry Standard on Tailings Management. - Over $130M of capital allocated to site restoration. - Significant capital investment to upgrade local water treatment plant (WTP). - WTP will ...more  
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