Just to weigh in on
the mine project(s) in Kamloops.
The largest mine in the area, Highland Valley Copper is just outside of Logan
Lake. Many people who work there commute each day. Strong long term prospectus,
which is boosted by the price of copper, gold and molybdenum.
The newest operating mine is the New Afton Mine, owend by New Gold.
The current mine being proposed is Ajax mine.
As I live in the city, my opinion may be a bit biased, but will try to keep it
fact based.
Kamloops historically HATES change. A few people in the city object to every
project that as an economic and environmental impact. The people who hate
change, coincidentally, are opposed to Ajax.
Personally, I am in favor of the mine. But as Don and the REIN team says, don't
buy on speculation. This project is not approved (no smoke yet from
construction).
Here's what Ajax's website says:
The Ajax project is a proposed,
open-pit copper-gold mine located near and partly within the city limits of
Kamloops, British Columbia.
The proposed project is in the early
stages of a rigorous environmental assessment process involving both federal
and provincial government agencies. If approved, construction will begin in
early 2013 and copper production in early 2015.
We expect the mine`s construction phase
to begin early in 2013, creating 580 jobs over a two-year period. During
the 23-year life of the mine, 380 long-term career opportunities will be
created.
My two cents, the potential mine is accessible from Kamloops in terms of
commute and proximity, and will provide (relativley in blue-collar terms) good,
stable income. This may be an area worth looking into more if (when) the mine
has `smoke above it`
Feel free to contact me if you have any questions about the area.
Erin