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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: GeoDude who wrote (3278)4/25/2002 2:37:29 PM
From: Little Joe  Read Replies (3) | Respond to of 39344
 
I contacted the company today. I learned the following:

1. The water depth measures from 2 to 6 meters.
2. They have 2 to 3 years of open pittable mining on dry land before they need to go under water.
3. A company called Goldner and Associates is working on a plan to utilize a system of dikes yo control the water. The expected cost of this will be 4 to 6 million dollars assuming they can use waste from the open pit operations. This will be allowed if the waste is not acidic, which the rep felt was unlikely.
4. Goldner is still working on plan.
5. He is going to look through prefeasibilty report for me and if this issue is addressed he will fax the info to me. If I get I will post the info.
6. He does not think it likely permitting will be a problem.

Hope this is helpful.

Little joe



To: GeoDude who wrote (3278)4/25/2002 4:18:41 PM
From: Claude Cormier  Respond to of 39344
 
LIA,

The lake is really shallow. They have already elaborate a solution to this problem..many years ago. That is why they are still spending lots of dollars on the project. Eerything appears to be feasible without excessive costs. Of course, it is an element of risk that will disapear only once all permits are in place and construction begin. But as far as I know, the consensus is that it is not a show stopper.


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