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Gold/Mining/Energy : Le coin des prospecteurs
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To: NOW who wrote (20315)3/29/2012 8:07:54 AM
From: jpthoma1  Read Replies (1) of 39706
 
At one moment a few years ago, Agnico was developping 5 projects simultaneously (Goldex, Kittila, Lapa, La Ronde II and Meadowbank). To many projects according to me. And they made disastrous mistakes.

This is not the case with SBB. They even sold their base metals project in order to concentrate on gold.

But, and there is a but, in these northern locations, investors have to be very very patient because access problems remain difficult to solve and it takes longer to develop a project.

I remember when Goldcorp bought the Éléonore project from Virginia. They were supposed to start mining in 2011!!!!!!!

Believe me, I am not sure if they will be ready for 2015! They don't even have the road yet!
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