Liberty Star Uranium and Metals Corp (LBSR)

[beach_trades]

"John Shively insists that mine design today is more environmentally sensitive than ever before. And he's right. Even though the official plan has yet to be revealed, some basic assumptions are reasonable. During operations, the pit would act as a sump, drawing groundwater into it. The water would either be cleaned and discharged or recycled for use in running the mine...

...Short of an earthquake strong enough to breach an impoundment, which seems highly unlikely, the chances of an environmental cata­strophe occurring while the mine is running would be slim. Allowing for three years to complete the permitting process and another three for construction, the partnership estimates that production could not begin until 2017 and that it would go on for 25 years or more. In other words, Pebble is unlikely to cause any large-scale, long-term damage until at least 2040, even if the mine expands, as most such mines do. This means that the more alarmist of the opponents are mistaken: The fisheries are not in immediate danger."