Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: louel who wrote (9718)	11/26/2015 6:10:04 PM
From: brundall	4 Recommendations Recommended By biggerbob68 Hog Head Slushie Underhill69 Respond to of 10654

Well, in all fairness to Elmer....(not something I expected to ever say) Moose Mountain had this to say in the PEA about social and environmental factors: SOCIAL AND ENVIRONMENT Copper Fox is committed to environmental protection while at the same time maximizing benefits and economic opportunities for local communities, including employment and training. The PEA contemplates employing 134 direct jobs in all operations of the project. Using a common industry multiplier of three, it is anticipated that up to 402 indirect jobs will be created. The permitting for the pilot leach test recommended by the PEA is prescribed by the Federal US Code ("USC") laws, the US Code of Federal Regulations ("CFR") and Arizona Revised Statutes ("ARS"). The environmental permitting process is managed by the United States Environmental Protection Agency ("USEPA") and the Arizona Department of Environmental Quality ("ADEQ"). Other federal and state agencies could also become involved. The main permits required for the pilot test are: Aquifer Protection Permit ("APP") for leaching operations and surface impoundments; ADEQ, Underground Injection Control Permit ("UIC") for injection wells; USEPA. The APP and the UIC permits are expected to have a one year processing time. Additional environmental authorizations may be required including a Statement of Claim of Rights to use public (surface) water of the State of Arizona. Environmental Management Plans will be developed to protect the environment and comply with environmental legislation during the permitting process. The ISL operation is expected to operate with a net water surplus, however, if water is needed to support operations, it will be sourced from groundwater in the alluvium unit which supplied water to historic leach operations in the order of 250 to 500 gallons per minute ("gpm"). So I guess there are a couple of questions here: 1. Either Moose Mountain is correct that the project will operate at a water surplus and that there is easy access to ample water at Van Dyke supplied by an existing alluvium unit or 2. Moose Mountain is incorrect, the groundwater has dried up over time and the project will run a deficit No-one will know this for sure for a long time as the next step of the process is applying for 2 major permits estimated to take a full year to process if they are applied for at all. Plus we all know how close the PEA at Schaft Creek was to reality.

To: louel who wrote (9718)	11/26/2015 10:11:27 PM
From: Metacomet	4 Recommendations Recommended By biggerbob68 CanadaGrant louel Slushie Read Replies (1) \| Respond to of 10654

..I actually live in Tucson, and saw what happened first hand with Rosemont, which is further from Tucson than the CUU properties Elmer is a master of the the half truth ..there is no water problem for what CUU is doing as they can bring their drill water in a tank truck ..but CUU does not mine ..and to sell the project, all the factors required of a mine need to be present ..and there is insufficient water to mine without a political allocation, and mining is in last place in priority for water alloctions and that little problem will drive what they can unload it for ..right now CUU is simply in the position of last dummy to buy the turkey ..wouldn't want to put a value on a project subject to water permitting between desert cities of 1.5 million and 750,000 thousand with populations already spooked from extended droughts..which was the Rosemont gambit, and they are history