A serious answer to the humorous input... targeted more to the would be mining tycoons here than to the management (who understand full well, and have LOTS of experience in what they are mining, in the wanna be mining tycoons).
The mines here are old... and you really don't need a modern rocket science type of understanding of the factors that govern success or its alternative in mining... to get a good, solid understanding of the nature of the challenges that exist.
You can go out and buy an expensive education, or just buy the textbooks, read them, and learn a lot about mining and mining management... or, you can go to Google Books and search "mining -data"
The above, for instance, is obviously dated... and yet, the things it covers that are basic considerations haven't really changed that much in 100 years. Along with the (unstated) project time lines relative to the known ticking time bomb in financing, the costs of things in REAL mining operations are a purposefully overlooked element, here, that this relatively ancient text will help show.
There are lots of others you can find that might be similarly useful to those who are serious enough about expecting this to become a real mining operation to want to do some basic DD on what that requires, and how it compares to what you see here.
The structure issues, and the issue with management getting paid first... and multiple times, as well as too much... isn't just a thing you can isolate from that presentation of costs and the needs in addressing them. The money (after costs) that will be produced from milling the tailings isn't going to be nearly enough, by itself, to make this into a going concern. Underground mining is MORE expensive than surface mining... and what did the nearby surface mines cost to develop and operate ? The benefit of HAVING the tailings as an easily accessed resource, is ONLY that it will help to SUBSIDIZE the early stage efforts that will be needed to get close to being able to put the mines back in operation. That necessary result just won't happen with management repeatedly skimming the values in the first monies they say will be produced. As it stands now... SFMI gets the costs... and management gets everything produced from the tailings that is MORE than cost... and when the tailings are done being skimmed... who pays the cost of getting real mining going ?
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