Earthworks: Rosemont Copper and A Tale of Two Mines (via PR Newswire)
TUCSON, Ariz., Dec. 18, 2012 /PRNewswire/ — The same Canadian mining speculators who are now seeking government permits to build the Rosemont copper mine in the Santa Rita Mountains near Tucson, Arizona, left behind a trail of unpaid vendors, a misspent government loan, hidden investors, and a toxic…
IT IS UNFORTUNATE THAT AUGUSTA WAS NOT REQUIRED TO PROVIDE FIRM LETTERS OF INTENT TO SHOW WHERE THE FUNDING WOULD COME FROM TO COVER THE CAPEX REQUIRED TO PUT THE ROSEMONT PROSPECT INTO PRODUCTION . AUGUSTA RESOURCE CORPORATION CURRENTLY DOES NOT HAVE THE FUNDS ” IN HOUSE “. HOWEVER , THE OFFICERS OF THE COMPANY ARE DOING WELL AS THEY ARE INVOLVED WITH OTHER INCOME GENERATING INTERESTS , WILDCAT SILVER FOR EXAMPLE AND THEY ARE ABLE TO AWARD THEMSELVES WITH STOCK OPTIONS THAT CAN BE VERY ADVANTAGEOUS AND EASY TO MANIPULATE . AS A ” JUNIOR RESOURCE COMPANY ” , AUGUSTA RELIES ON ” SPECULATION AND SPIN ” TO GENERATE FUNDS . CANADA IS A MAJOR BREEDING GROUND FOR COMPANIES LIKE AUGUSTA THAT OPERATE OUTSIDE CANADA . THE OFFICERS OF SUCH COMPANIES ARE IMMUNE TO GUILT AND ARE CONSTANTLY CREATING NEW COMPANIES IN ORDER TO COVER THEIR TRACKS . THEY WORK WITH LAWYERS AND ACCOUNTANTS IN ORDER TO AVOID SCRUTINY BY THE SECURITIES COMMISSIONS IN CANADA . THE CANADIAN AUTHORITIES GENERALLY TURN A BLIND EYE TO WHAT GOES ON OUTSIDE OF CANADA .