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Mines Management, Inc. Message Board

  • bobuandu bobuandu Jan 1, 2014 1:54 PM Flag

    Congressional investigation?

    There is an upside and a down side to this clearly broken permitting process. On the down side is the
    length of time it tales our government to re permit an existing mine. This is not a new hole in the
    ground. About 60-70% of the mine is complete. On the up side this permitting process assures a bullet
    proof permit that would withstand ANY environmental objections.

    Clearly there should be a congressional investigation into the permitting process. It is insane that
    the process is so broken for this repermitting to take this much time. Our economy is fragile
    enough and to drag this process out for so long proves the process is broken or flawed at best.
    Our government keeps telling us they are pro jobs.

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    • Yep, Clem, my friend, garbage indeed. It is apparent that those with a pro-mine mindset have inferior math skills. 10 percent, 95 percent, 60-70 percent, balderdash! Read a prospectus, bobaloo. AMEX MGN doesn't own the entrance to the shaft, nor does the shaft reach the ore deposit. This project has many, many more roadblocks to face before it gets to the first exploratory drilling hole. Bulletproof? I think not. Decades of litigation await should Dobbs ever reach any true permitting milestone. The process isn't the problem, bobo, the mine is the problem. It just should never, ever be. Those of us in the know see that Montanore is doomed. Meanwhile, MMI has already sucked millions of taxpayer and investor dollars into a black hole. Nice.

      Sentiment: Strong Sell

    • That's garbage. If anything, they are not taking long enough to look at the long term environmental damage these mines do. In Minnesota, they are trying to ram a metal mine down people's throats for a couple hundred jobs. And, they are saying the cleanup will be 500 years! 500 f*ing years. Outrageous they are even considering it.

      • 2 Replies to clem_haskin
      • It is ridiculous that our precious tax dollars are wasted on the permitting process for this mine. MGN is not a mining company and has no experience financing or operating mines. They are almost broke, yet according to their own figures it will take more than $750 million to bring Montanore on line. MGN should have been required to provide a credible financing plan. Some believe their end game is to sell the mine after it is permitted. Should taxpayers be forced to finance that kind of scheme? Of course not. The company illegally pumped water from their adit and should have been forced to stop altogether. Instead, they were permitted to maintain the level, which was a huge break for them. Unfortuntately they couldn't get away with overstaking claims, so the whole time the agencies have been wasting time and money on the Montanore permitting process the company didn't have legal access. I strongly suggest that potential investors or anyone who is interested in MGM read their most recent SDEIS and the associated comments. There are engineering and scientific studies that are frightening. This mine will destroy public and private land, drain and contaminate the water and pollute bull trout habitat. Because of MGN's refusal to utilize modern mining methods, they plan to build a 375 foot tall by 2 mile long tailings dump that will make sure that the land won't recover for thousands of years. The horror of these facts is not lost on the public, and as a result there is a boatload of opposition. When you put all of this together, it is easy to see why the company has ramped up the lies and the sleaze. Who knows what they will do next? It's time to pull the plug.

      • This sounds very similar to the Minnesota mine but probably worse. The town near the mine was destroyed by criminal mining practices and is now a Superfund site. Hundreds have died as a result. The MGN mine is the next disaster--it would ruin thousands of acre and pollute important streams and wildlife. No doubt the taxpayers outside of the area would once again have to come to the rescue. There is a ton of opposition--the mine's only advocates live guessed it...the Superfund site. The jobs are not worth the cost, but the locals don't care because they are too ignorant and cowardly to face facts. It's not their land and they don't have much say. The company doesn't even have a local presence. A couple of dolts watching a water pump doesn't mean much. The permitting process should have been stopped years ago. MGN has been called on their never ending lies and underhanded business practices. This Congressional Investigation thing is their new out --a diversion to put out there as the next deadlines pass without agency action. Their robotic followers are now picking up on the newest talking points. Yes, there should be a Congressional investigation. Why are we being forced to waste precious tax dollars on this?

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