“The shutdown of Mount Polley will stretch thin an already tight balance sheet,” Raymond James analyst Adam Low said in a note to clients.”
At this same conference Dr. A. MacG. Robertson who has all his career called for voluntary self regulation on best practice principles called the May Day industry wide http://www.infomine.com/library/publications/docs/Robertson2011c.pdf
In 1994, Gibraltar Mines Ltd., under an option agreement with Imperial Metals drilled seven core holes for 1,216 metres. Upon evaluation of the project Gibraltar declined further participation. Following a merger with Bethlehem Resources Corporation in 1995, Imperial completed an in-house feasibility study. Financing was arranged with Sumitomo Corporation through a joint venture with SC Minerals Canada that culminated in the formation of Mount Polley Mining Corporation (MPMC) in April 1996.