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Augusta Resource Corp. Message Board

  • richardleeds richardleeds Feb 23, 2010 3:59 PM Flag

    mine tied up in litigation for 7 years

    My concern with an investment in Augusta is premised on what the environmentalists have done to a mine owned by Revett minerals in Montana.

    The environmental groups have funded lawsuits from developing its copper mine in Montana for almost seven years now.

    I am sure they will do the same with Augusta and the lawsuit will eat up millions of dollars and tie up this copper mine of Augusta's for the better part of a decade.

    This does nothing for the stock either, especially once they get federal permits as did Revett in Montana.

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