Post by
RealityCheck123 on Dec 29, 2023 4:36pm
There is one hurdle which will never be overcome.
The existing USACE submitted "small" mine plan is uneconomic. The entire resource is likely uneconomic to mine by open pit method.
The only hope is underground mining if copper equivalent low-grade can support.
Underground mining with reactive waste rock and tailings backfilling substantially reduces need for perpetual water treatment, closure maintenance, capex/closure costs and liability. Facilities footprint is also drsstically reduced due to less throughput.
New USACE 404 permit application and EIS.
However, we suspect the proponent already understands and avoids such discussion. Eight major miners, minimum, already understand and are uninterested.
20-years. $1 billion spent. Nothing.
Comment by
RealityCheck123 on Jan 03, 2024 12:12pm
That's why its uneconmic.
Comment by
5Patrick5 on Jan 03, 2024 12:22pm
It was only uneconomic to majors at the time because of the political winds that blew. Now with more legal clarity and putting the EPA to heal the majors will be competing for a seat at the table. Nice try.
Comment by
RealityCheck123 on Jan 03, 2024 12:36pm
Incorrect. No reserves. Simple.
Comment by
5Patrick5 on Jan 03, 2024 1:36pm
Still raising money. How do you explain that if it's so simple?
Comment by
5Patrick5 on Jan 03, 2024 1:51pm
In conference on Friday. If they accept the case Alaska wins.
Comment by
RealityCheck123 on Jan 03, 2024 3:23pm
That is a lie, but expected from a troll.
Comment by
5Patrick5 on Jan 03, 2024 3:30pm
Now that's funny. Aren't you the one who posted the SCOTUS docket? Have you looked at it today? Pretty soon America will be tapping into the mine resource to power all of your electric cars (and tanks?hehe) As I said If the court hears this you are done !
Comment by
RealityCheck123 on Jan 03, 2024 4:16pm
Why so foolish. That unintellgent?