I would like to have them clarify who is going to process the ore and see an estimate of the cost per lb. to produce.
The previous mining company used the Magma Copper Mine at the bottom of the mountain in San Manual to process.
In 1996, BHP Billiton purchased Magma Copper Company for $2.4 Billion. In 1999, BHP pulled the plug on the San Manuel copper facility based on the continually falling price of copper. What was once one of the largest underground copper mines in the world ceased to exist. Interesting article and video of the destruction of the smoke stakes below. The stacks were destroyed on Jan. 17, 2007.
http://theclosetentrepreneur.com/remembering-my-hometown-of-san-manuel-arizona
The previous mining company used the Magma Copper Mine at the bottom of the mountain in San Manual to process.
In 1996, BHP Billiton purchased Magma Copper Company for $2.4 Billion. In 1999, BHP pulled the plug on the San Manuel copper facility based on the continually falling price of copper. What was once one of the largest underground copper mines in the world ceased to exist. Interesting article and video of the destruction of the smoke stakes below. The stacks were destroyed on Jan. 17, 2007.
http://theclosetentrepreneur.com/remembering-my-hometown-of-san-manuel-arizona
LOAD THE BOAT
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
