InvestorsHub Logo
Followers 3821
Posts 238471
Boards Moderated 0
Alias Born 07/30/2007

Re: cjstocksup post# 278

Friday, 02/19/2016 7:40:08 AM

Friday, February 19, 2016 7:40:08 AM

Post# of 325
AP report on the MGN mines is HUGE. Remember we traded up over $8.00 a share during the years they were working on getting this mine approval and permits! Thi8s is a 500 million dollar mine!

"The Latest: Mine developer says partial approval is enough

Developers of a $500 million silver and copper mine beneath a wilderness area near the Montana-Idaho border say the conditional approval granted to the project is sufficient for it to proceed

Associated Press

February 12, 2016 3:33 PM

BILLINGS, Mont. (AP) -- The latest on Montana officials giving only partial approval to a $500 million silver and copper mine proposed near the Idaho border. (all times local):

1:30 p.m.

Developers of a $500 million silver and copper mine beneath a wilderness area near the Montana-Idaho border say the conditional approval granted to the project is sufficient for it to proceed.

State and federal regulators on Friday released long-awaited decisions on the Montanore mine near Libby, Montana. They say Mines Management, Inc. can proceed with a $30 million mining evaluation, but must demonstrate the mine won't drain overlying creeks in the Cabinet Mountains Wilderness.

Mines Management chairman Glenn Dobbs says the company plans to move forward and will present the findings from its evaluation to regulators.

Dobbs last month said investors might shy away if the project didn't get full approval. But he now says the company will be able to finance the mine based on Friday's decisions.

The Latest: Mine developer says partial approval is enough
AP 4 days ago

Montana silver, copper mine clears key hurdle; lawsuit looms
AP 2 mtMore
.
12:30 p.m.

Montana's top environmental regulator says the state can't give full approval to a major copper and silver mine near the Idaho border until its backers show the mine won't drain water from creeks in an overlying wilderness area.

Department of Environmental Quality Director Tom Livers on Friday approved several aspects of the $500 million Montanore mine. Those include its air quality permit and a transmission line linked to the project.

9 a.m.

Montana environmental regulators have partially approved a major silver and copper mine proposed beneath a federal wilderness area, casting uncertainty over the $500 million project near the Idaho border.

The mine would employ about 350 people."