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Re: Milo2 post# 67987

Wednesday, 08/03/2011 10:33:18 AM

Wednesday, August 03, 2011 10:33:18 AM

Post# of 173288
I'm not saying BCSP could/would satisfy all world demand, but if you put 2 of the biggest mines in the world into full production and they're next door neighbors:

1) It would affect price as supply would significantly go up.
2) I think it's evident that Ron Thiessen doesn't want both properties fully developed at the same time.

No single mine will completely satisfy global demand, but 2 mines of the potential size that we have in the BCSP caldera will certainly increase supply significantly, which will drive prices down, or hold them back a bit. Even if they don't affect price aversely, I think NAK/HDI is of the perspective that they don't want to develop both mines at the same time.

Again, jmho


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