I really don't have a dog in this fight, but here are a few things for everyone to think about:
Remarco is buying up land that is NOT in the identified ore zone, NOR has it ever been tested. They are amassing property that has no proven gold reserves. Why would a legitimate company spend shareholder funds to do that?
Remarco got tax breaks from the citizens of Kershaw to build the facility, then immediately moved the US headquarters to York County without tax breaks. Why would a legitimate company pull a bait and switch like that on the folks in Kershaw
The water table on that site is at 90 feet below the “O” horizon. Which means that at 850 feet to the ore body, you pass through 760 feet of water permeable material, which means that particular aquifer/site may provide water to Flat Creek as well as to the dominant watershed. Why would a legitimate company not mention that in the press release?
The free milling gold at that site has pretty much been depleted, the gold below the water table is sulfide gold. Which means Remarco will have to “roast” the ore to get it to a metallic state. Whats the byproduct of that process? That's easy, the smell of rotten eggs and a wonderful byproduct known as Sulfuric acid. Maybe that's why all the company execs will be so far away from the site, in Charlotte and Rock Hill.
An open pit that is one mile wide and 850 feet deep has a wall slope of 72 degrees. Think about that for a minute, 90 degrees is straight up! There going to run trucks down that slope? Cut roads into a steep sloping bank? All the while dealing with 760 feet of seeping wet muck! Oh yeah, the bottom of the hole is the size of your head...got to dig a bigger hole.
None of that matters, because no matter what they are saying, they are going underground to get the sulfide head ore, less trouble to dig, less water to handle, and as a special bonus, there isn't a mine inspector in the southeastern United Stated certified to inspect underground!
Now consider why they are buying cheap non-gold bearing lands nearby. Once you go underground, you can follow the ore body forever, no matter where it goes, even if it goes under your neighbor's house. You know the neighbor that new he had gold on his property and would not sell cheap? Yep, you can go underground and just get it. So how do you get it out? Simple, dig another 1200 feet to the land that you do own and stope up and remove the material.
The only way I see for Remarco to make big bucks is to sell lots of shares and to release information and statistics that will increase the value of those shares. I believe the enviros need to take a deep breath, I don't think there will be much going on there.
You say in paragraph 1, " Remarco is buying up land that is NOT in the identified ore zone, NOR has it ever been tested. They are amassing property that has no proven gold reserves."
Then, in paragraph 4, you say: " The free milling gold at that site has pretty much been depleted, the gold below the water table is sulfide gold. Which means Remarco will have to “roast” the ore to get it to a metallic state. Whats the byproduct of that process? That's easy, the smell of rotten eggs and a wonderful byproduct known as Sulfuric acid. Maybe that's why all the company execs will be so far away from the site, in Charlotte and Rock Hill."
Absolutely Pappy, and lots of it. The site has always been, and will always be, a site where the gold will have to be recovered chemically, because it is mostly sulfide gold.
Can they do it economically? I don't think so, because it will have to be brought up 900+ feet and processed over an aquifer that feeds a vast drainage area.
In my opinion, and we all know about opinions, Romarco's primary interest is capitalizing their company through sales of stock.
I can't see them ever getting licenses and permits in place to proceed with their plans. The Federal Government, nor South Carolina have ever issued a mining permit over the objections of the EPA. Never. Ever. I don't see that changing now.
Investors lost $167,000,000 in one day on news that the permit process was stalled because of EPA objections. Perhaps Canada based Romarco has more political clout as a Junior Mining company than some of the US based Big Boys like 3M, Exxon, and Standard Minerals who have never successfully mined without the EPA's blessing. Stranger things have happened.
Looks like a standard left coast response to mining, "screw the economy, save the clam."
I like the part that states the clam could be affected by the runoff from the mine although the mine is in a completely different watershed from that creek. The enviros wont let facts get in their way.
I hope they can overcome the gov bs and eviro wackiness and get that mine producing.
Nice find Hop
Jim
Hop > Jimbo's Gold AKA Jim HamiltonMarch 7, 2011 at 10:50am
Yea, 800 jobs vs. About 50 "heelsplitters" mussels that live in Flat Creek that's 4 miles away from the site.
Replies
EPA fights plan for S.C. gold mine
http://www.charlotteobserver.com/2011/04/01/2187575/epa-fights-plan...
I really don't have a dog in this fight, but here are a few things for everyone to think about:
Remarco is buying up land that is NOT in the identified ore zone, NOR has it ever been tested. They are amassing property that has no proven gold reserves. Why would a legitimate company spend shareholder funds to do that?
Remarco got tax breaks from the citizens of Kershaw to build the facility, then immediately moved the US headquarters to York County without tax breaks. Why would a legitimate company pull a bait and switch like that on the folks in Kershaw
The water table on that site is at 90 feet below the “O” horizon. Which means that at 850 feet to the ore body, you pass through 760 feet of water permeable material, which means that particular aquifer/site may provide water to Flat Creek as well as to the dominant watershed. Why would a legitimate company not mention that in the press release?
The free milling gold at that site has pretty much been depleted, the gold below the water table is sulfide gold. Which means Remarco will have to “roast” the ore to get it to a metallic state. Whats the byproduct of that process? That's easy, the smell of rotten eggs and a wonderful byproduct known as Sulfuric acid. Maybe that's why all the company execs will be so far away from the site, in Charlotte and Rock Hill.
An open pit that is one mile wide and 850 feet deep has a wall slope of 72 degrees. Think about that for a minute, 90 degrees is straight up! There going to run trucks down that slope? Cut roads into a steep sloping bank? All the while dealing with 760 feet of seeping wet muck! Oh yeah, the bottom of the hole is the size of your head...got to dig a bigger hole.
None of that matters, because no matter what they are saying, they are going underground to get the sulfide head ore, less trouble to dig, less water to handle, and as a special bonus, there isn't a mine inspector in the southeastern United Stated certified to inspect underground!
Now consider why they are buying cheap non-gold bearing lands nearby. Once you go underground, you can follow the ore body forever, no matter where it goes, even if it goes under your neighbor's house. You know the neighbor that new he had gold on his property and would not sell cheap? Yep, you can go underground and just get it. So how do you get it out? Simple, dig another 1200 feet to the land that you do own and stope up and remove the material.
The only way I see for Remarco to make big bucks is to sell lots of shares and to release information and statistics that will increase the value of those shares. I believe the enviros need to take a deep breath, I don't think there will be much going on there.
Of course, I could be wrong.
Sam
Sam,
You say in paragraph 1, " Remarco is buying up land that is NOT in the identified ore zone, NOR has it ever been tested. They are amassing property that has no proven gold reserves."
Then, in paragraph 4, you say: " The free milling gold at that site has pretty much been depleted, the gold below the water table is sulfide gold. Which means Remarco will have to “roast” the ore to get it to a metallic state. Whats the byproduct of that process? That's easy, the smell of rotten eggs and a wonderful byproduct known as Sulfuric acid. Maybe that's why all the company execs will be so far away from the site, in Charlotte and Rock Hill."
So, is there gold there or isn't there?
Absolutely Pappy, and lots of it. The site has always been, and will always be, a site where the gold will have to be recovered chemically, because it is mostly sulfide gold.
Can they do it economically? I don't think so, because it will have to be brought up 900+ feet and processed over an aquifer that feeds a vast drainage area.
In my opinion, and we all know about opinions, Romarco's primary interest is capitalizing their company through sales of stock.
I can't see them ever getting licenses and permits in place to proceed with their plans. The Federal Government, nor South Carolina have ever issued a mining permit over the objections of the EPA. Never. Ever. I don't see that changing now.
Investors lost $167,000,000 in one day on news that the permit process was stalled because of EPA objections. Perhaps Canada based Romarco has more political clout as a Junior Mining company than some of the US based Big Boys like 3M, Exxon, and Standard Minerals who have never successfully mined without the EPA's blessing. Stranger things have happened.
All is not as it appears.
Sam
It will...and, it's just the beginning
Looks like a standard left coast response to mining, "screw the economy, save the clam."
I like the part that states the clam could be affected by the runoff from the mine although the mine is in a completely different watershed from that creek. The enviros wont let facts get in their way.
I hope they can overcome the gov bs and eviro wackiness and get that mine producing.
Nice find Hop
Jim