From: Valuepro | 10/23/2021 12:18:43 PM | | | | "U.S. appeals court hints at support for Rio's Resolution copper mine"
BHP in a 49 percent partner.
reuters.com
The proposed mine could produce in excess of 25 percent of US annual requirements for copper alone. Similarly, the Rosemont project of Hudbay near Tucson could produce 25 percent of US annual copper needs. Moreover, Hudbay recently announced a discovery near Rosemont that could be larger, richer, and cheaper to mine.
If all three go into production, they would supply well in excess of 75 percent of all US copper consumption for decades, to say nothing for billions of pounds of byproduct metals.
All of the above projects are subject to concentrated anti-mining efforts which may turn The Copper State (the leading producer in the US) into the Anti-Mining State. Any level of success by them will be good news for producers elsewhere, I suppose, if they are not Rio, BHP or Hudbay.
VP in AZ |
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From: Marsman11 | 10/23/2021 1:39:56 PM | | | | I hope Trump's SPAC deal keeps him so busy that he won't run for president for the good of the world. |
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From: flashforward2009 | 10/24/2021 11:37:34 AM | | | | Today, Bloomberg TV guest John Paulson, Paulson & Co. Founder, President & Portfolio manager. Is running a segment that is high on gold. Thinks cryptos are in a bubble and eventually will end up at zero. If so or if partially correct gold should have its bull run. I think everyone and their dog by now, knows inflation won't be transitory, and are jumping into gold. Imagine what will happen to gold if Mr. Paulson is correct about crypto's. |
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To: ralfph who wrote (291594) | 10/24/2021 1:36:29 PM | From: Valuepro | | | Yeah, the story's been out for a few days, including speculation of a split into two or more companies. That's always a smart move for companies too big to get much of a kick from new innovations and new markets. The Principle of Diminishing Returns is late in coming to Facebook. |
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