Originally posted in a LVRJ Forum
In one sign of bipartisanship, Buckley met privately Monday with Raggio and Sen. Randolph Townsend, R-Reno.
An ultra left wing Democrat agglutinating with two left wing Republicans. That's not bipartisanship. It's trinary asexual reproduction.
Mining is one of the few industries where we have natural, competitive advantages. You'd think maybe *someone* in Carson City could provide a cogent defense of it?! The folks who attack Mining are the ones who scream loudest about "diversifying" our economy. What do they propose to replace it with? Organic lobster fishing?
Do you have any idea what it costs to bring a mine into production? No divining rods here. It's like oil exploration. Satellite imaging, test drilling, geological analysis, etc. Hit or miss.
After you've expended all that money to finally prove a site you have to invest a FORTUNE to extract the mineral. Specialized earth moving equipment, processing machines (refining a whole other issue), trained personnel, OSHA compliance; I think firms often have to build their own MegaWatt power generating stations on-site. It's the middle of nowhere. You can't just plug into a wall outlet.
At anytime the commodity price could COLLAPSE, causing you to abandon your entire investment. The last thing these firms need is the uncertainty caused by Communists who threaten to nationalize their profits -- Castro style -- after they've already invested hundreds of millions of dollars in fixed assets.
I do not own any shares in natural resource companies. I do not work for the industry. I oppose BIG government and the high taxes necessary to pay for it.
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