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<p>[QUOTE="justafarmer, post: 1825014, member: 3926"]Once a mine is opened. The land has been purchased, enviromental impact studies completed, variances obtained, infrastucture has been built, equipment has been purchased and etc. - profitability becomes primarily a 3rd party concern. As long as that mine can cover its variable cost and provide some contribution in returning the sunk cost above - it will remain open.</p><p> </p><p>Closing a mine carries significant future risks to the ability of ever being open again. It would require new impact studies, obtaining new variances and etc. more than likely subject to additional and more strigent rules and regulations. Possibly making re-opening the mine cost prohibative or maybe impossible.[/QUOTE]</p><p><br /></p>
[QUOTE="justafarmer, post: 1825014, member: 3926"]Once a mine is opened. The land has been purchased, enviromental impact studies completed, variances obtained, infrastucture has been built, equipment has been purchased and etc. - profitability becomes primarily a 3rd party concern. As long as that mine can cover its variable cost and provide some contribution in returning the sunk cost above - it will remain open. Closing a mine carries significant future risks to the ability of ever being open again. It would require new impact studies, obtaining new variances and etc. more than likely subject to additional and more strigent rules and regulations. Possibly making re-opening the mine cost prohibative or maybe impossible.[/QUOTE]
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