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Tuesday, June 24, 2014 1:27:17 PM
Posted by VP:
Nearby to Tombstone, Rosemont looks to be taken over by major producer HudBay for $406 million dollars, AND it's still under development, while also the target of a very strong anti mining sentiment 15 miles north in Tucson.
"HudBay has been developing and operating 28 mines for 85 years and has mines in the Province of Manitoba and in Peru. Augusta had no projects but Rosemont."
[url]www.mineweb.com/mineweb/content/en/mineweb-mining-finance-investment-old?oid=245363&sn=Detail
[/url][tag]insert-text-here[/tag]
Rosemont hosts a large copper/molybdenum reserve of 5.9 billion pounds of copper and 194 million pounds of molybdenum that is planned to commence production in the first quarter of 2017."
http://www.augustaresource.com/
By the "footprints" comparing Hay Mountain to the largest copper projects in the country, Rosemont appears to be very much smaller.
would equeal to about 46 cents per share of LBSR. While this of course is a more advanced project, it is also very much smaller and of much lesser grade than we are expecting for Hay Mountain.
HELLO? Anyone awake out there? This is profoundly important news for us!
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