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Gold/Mining/Energy : Peruvian Gold Ltd. PVO
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To: charred who wrote (605)8/31/1998 1:05:00 AM
From: E. Charters  Read Replies (1) of 892
 
I did. Haileybury school of Mines and University of Toronto. I also worked in mining for twenty years and am familiar with the costs.

It can be done. It has been done. It will be done. Maybe.

The reason that deposits like the Lara may not get done is simple. BHP doesn't own it and if they did they have unpteen already done feasibilities sitting there and bigger deposits and open pit and they are already overcoppered. If this was the fifties or sixties it would have been done of any one of 15 companies owned it. Phelps Dodge or the Guggenheims would have done it.

Like I told you one of the largest copper mines in the States was 0.50% copper and ran underground at Butte Montana at 80,000 tons a day. Copper prices varied over its life but they rarely took in more than $10.00 per ton and they made a profit. So don't tell me it cannot be done. I have heard of block caving done at 1.00 per ton. As I told you I have mined underground for 1.50 a ton. I know.

It isn't the costs. It's the politics of copper and the politics of front money for mining.

I don't mind exploring for copper in certain venues. I have one copper stringer zone about 30 miles from the Kidd Creek Mill and it might have 80,000,000 tons of near surface ~1% copper in it. That makes sense to me.

mailto:echarter@vianet.on.ca
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