As I mentioned on AXU’s Ihub message board on Dec 30 2016, Alexco’s Environmental Group A.k.a Their mine reclamation division is a Top 3 Finalist to win the cleanup reclamation work on Mt Nansen Gold Mine in the Yukon. Seemed to me initially to be maybe a few million $$ project for us added on to AXU’s bottom line if we won the contract.. No big deal right.. But curious about the project because crap like this interests me, I dug a little deeper.
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As I mentioned on AXU’s Ihub message board on Dec 30, 2016, Alexco’s Environmental Reclamation Division is a Top 3 Finalist to win the cleanup reclamation work on Mt Nansen Gold Mine in the Yukon. Seemed to me initially to be maybe a few million $$ project for us to be added on to AXU’s bottom line if we won the contract.. No big deal right.. But more curious about the project and because crap like this interests me, I dug a little deeper.
So now after further DD on my part I have put more of the facts and info together about this interesting project that could alter AXU share prices going forward in the long term, in a big way… Read It and Weep!
Please understand this is me just connecting a bunch of random news story dots to tell a bigger story. One that if you read between the lines could mean big things a head for this little resource company out of the Yukon!! I will be referencing articles as I go along to explain what I’m talking about.
The Previous Mentioned Article… In regards to Bid Finalists for reclamation of the Mt. Nansen Gold Mine…. Dated Dec 22, 2017
Further Info – http://www.pwc.com/ca/byg
“Among the three is Alexco Environmental Group, a subsidiary of the Alexco Resource Corp., the parent company which holds the exploration and mining rights to the historic Keno Silver District. Alexco Environmental is overseeing the reclamation of more than 100 years of mining in the district while its parent company continues with mining and exploration initiatives.
A numbered Yukon company, 536086 Yukon Inc., in partnership with Canadian-owned Merit Consultants International, a Canadian company that has been providing mining services around the world since 1983, has also been selected.
As well, Morgan Construction and Environmental Ltd., an oilfield construction company based in Edmonton with more than 50 years’ experience, has been shortlisted.”
My Opinion Now on this part…
Now… Out of those 3 companies, who do you think is going to be the logical winner in that project bidding war. Two of those three companies I think have a chance, Alexco Resources being one of them. Seems obvious to me that we should be the logical choice since we’re only 120 miles from that mine location from our current Keno Hill mines and we are already doing this type of work for the Yukon Gov.… If you knew the whole Alexco story like I do you will understand what I mean here. If not, you need to research the company further on your own. www.Alexcoresource.com
So let’s head on over to the Fantasy Land of ‘What-IF-ica’ and see what could be…
Now lets say ALEXCO wins this reclamation contract… Tell us what we win Bob….
“Now, after years of negotiation, the Little Salmon Carmacks First Nation, the Yukon Government and the federal government have endorsed a plan to sell the property to a qualified clean-up contractor.
Now, the mine is for sale to whomever is willing to take on a “government subsidized remediation project,” according to Veale.
The purchaser will be required to prepare a detailed design for the remediation plan, subject to peer review, and YESAA (Yukon Environmental and Socio-Economic Assessment Act) approval.
Required tasks include de-watering the Mount Nansen pit in preparation to accept 354,000 cubic metres of waste rock and more than 300,000 cubic metres of tailings and contaminated soil, then sealing the pit with a permanent liner.
The plan calls for a clean up “as close to walk away as possible,” with nothing left on site that is not required for long term monitoring and maintenance.
The winning proponent will have up to 10 years to complete the tasks required, and could then acquire permits to mine any viable mineral deposits on the property.”
*** PLEASE READ THAT LAST SENTENCE AGAIN… **
…. could then acquire permits to mine any viable mineral deposits on the property….
As well as receive all of the remaining B.Y.G. assets remaining on the property:
Just for reference the Existing Assets, Surface Facilities and Infrastructure
56 mineral claims and leases that relate to the core property and where the processing mill buildings, tailings storage facility, camp buildings, and Brown-McDade Open Pit are located;
1 surface license and 2 surface leases; and
Infrastructure and equipment (together referred to as the “
My Opinion On This –
So the winning bidder pays for the mine site cleanup them selves and they have 10 years time to do it. But whenever they complete the clean-up.. They will own the Assets out right and can start mining there again for profit…
OK… So Far So good… But how Much is that gonna cost AXU to clean it up if they win the contract then…
“The estimated cost of cleaning up the abandoned Mt Nansen Gold mine site is pegged at $23 million give or take, according to Supreme Court Justice Ron Veale’s judgment.”
Second thing is… “The winning bidder doesn’t have to pay for the clean-up.”
The cost of the Remediation Work will be funded by the Department of Indian Affairs and Northern Development of the Government of Canada”
My Opinion on this …
So It will cost the winning bidder ZERO dollars to clean up the site.. But they get to keep All the surface assets, the mine and remaining 50+ claims surrounding the mine afterwords so to possibly re-start the mining operations… Sounds familiar to me… Alexco @ Keno Hill…
By the way, is there any Gold & Silver leftover in that pretty mine were talking about that the Yukon Gov. wants to give the winning bidder for FREE after we clean it up…