Scottie Resources Corp V.SCOT

Somebody Explain This Please

[Redrum180]

The original Scottie Mine that produced 95,426 ounces -- I believe it was over a four or five-year period in the 80's.  They only mined one vein and there are something like 12 or 13 more.  It's fully permitted.  A (once) working mine throwing off that kind of production is just sitting idle?

     I know Scottie is not going to drill; they don't have to be miners.  I'm only wondering to myself if there is a creative way to mine it using an experienced group of independent contractors who could be compensated with a percentage of what they bring out.

     I'm sure management has a good reason for leaving it dormant.  That mine alone, it seems, can cover the company's expenses.  I feel like someone in the bank left the vault open!!

     Other than wondering about that, I'm still building a position.  The future looks great and gold is being purchased by Central Banks.  And here's another reason I'm bullish on gold.  You can see for yourself; just search google for this Youtube video.  This guy's videos are fantastic.

    "Canada Has ZERO Gold Reserves - This Is A Big Mistake."

[roberto146]

It may be that the cost of refurbishing or replacing the equipment after sitting idle for 40 years not on care and maintenance approaches the cost of building new. In this video Mr Rourke discusses the mine permit at about 26 minutes, but not enthusiastically because they are more interested in building a significant resource. I remember from earlier discussions that their interest is in

[fairdinkem]

yes,, OLDE News is good news.