Anglo American just bit the bullet and pulled the plug on Pebble. Another of these super-big but super low-grade copper-moly projects.
From an economic standpoint, neither Pebble nor Cumo make any economic sense. Too much capital and too much environmental opposition. At least Pebble had Anglo backing them up. Neither Northern Dynasty nor Cumo have the resources to ever put one of these projects into production.
At least when they were Mosquito Gold they had other projects. Shaun Dykes bet the farm on Cumo. And it looks like he bet wrong.
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