a feasibility study from 2012 that was published by Noront Resources about their Eagle's Nest deposit"They did their full economic analysis, taking costs into account, both capital costs and operating costs, taking taxation into account … they end up with a value of the Eagles Nest project — an economic, sober value that you can report to the public — of just over half a billion dollars," Srivastava said.
"They've misused the numbers by using in-situ values and gross metal values, including inferred resources and all that," Srivastava said. "But again, it's just potential because no one's worked out how we're going to get this stuff out of there," Franklin said, adding it's not clear just how much it will cost to extract the resources.
With all of these important considerations about environmental effects of mining and the rights of First Nations in the area, Teresa Kramarz said she's concerned about the rhetoric she's hearing, especially from politicians and industry leaders at the recent Prospectors and Developers Association of Canada conference in Toronto earlier this month.
That's a good argument to have it exploited by Canada, not some greedy private corporations. No need to repeat the same mistake. Take the example of Norway.
We have to really consider leaving it in the ground
Crappy journalism. Ever notice “experts” are never actually in the business? As for Bre-X, those who lost 💰 were mostly greedy, not astute enuf to ask or know assaying all of the core was a bad sign. As for TbayTurner, he writes about pinko commie issues, not mining. cdnpoli
More money will be made on paper from speculation than what will ever come from the ground.
Just another fordnation Minister with a plan to make a plan about a plan and overestimating the grandiose value projection purely for political posturing and creating the allusion of progress while purposed changing the narrative away from the malfeasance they have implemented
Just pulling numbers out of their ass now
Will never happen because the indians have their hand out and want too much
I hate it when I eat jalapeños.
Leave it in the ground just like you want Alberta to do .
What you get the day after eating spicy food!
$1 Trillion but we in Northern Ontario know what the reality of economic development truly can be! onpoli