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Re: None

Tuesday, 07/04/2023 7:54:19 PM

Tuesday, July 04, 2023 7:54:19 PM

Post# of 1498
ENAMI_knows it_is a_flop. Reduces_its CEOL_request from_208,000ha to
118,000 hectares https://www-nuevamineria-com.translate.goog/revista/subsecretario-de-mineria-anuncia-revision-a-proyecto-de-nueva-fundicion-de-enami/?_x_tr_sl=es&_x_tr_tl=en&_x_tr_hl=en-US

Yes, ENAMI may be a total money-losing never-made-a-profit fockup, but at least they have enough brains to realize they are totally out of their league in trying to obtain/manage a 208,000 hectare Lithium CEOL... hence the reason they have quietly lowered their lithium CEOL application down to a "more manageable" 118,000 hectares while Willy Kracht was "in house" checking their panties for cooties & pubic lice on a new rumored "already upside down" US$1.1B proposed copper smelter.
From this linked article we read of Willy's findings:
Regarding the smelter, the undersecretary explains that the initiative presented by ENAMI had a projected net present value (profitability) of US$389 million for an investment of the order of US$1.1billion. However, Cochilco detected errors, adjusting the profitability to negative US$137 million.

This whole Boric leftist/commie government is just one big scam.

The Doctor
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