Posted on 01/18/2026 10:46:06 AM PST by CFW
Wyoming’s first hard rock mine in a century is all but shovel ready and may be sitting on a pile of gold much larger than what’s so far been showcased for investors.
The CK Gold project, 20 miles west of Cheyenne past Curt Gowdy State Park, also could be worth a lot more than previously estimated because of an explosion in the value of gold.
It’s more than doubled since about a year ago.
Chairman of the U.S. Gold Corp. board, Luke Norman, told investors this past week that the company now believes its project is sitting on top of a secondary layer of ore that is significantly larger than estimated before.
[snip]
A pre-feasibility study was completed last February for the CK Gold project when gold was selling on the spot market for around $2,100 per ounce and copper was $4.10.
Since then, gold prices as of Friday were just over $4,600 an ounce, which means feasibility for the project has only become better.
A definitive feasibility study is expected soon based around some of the same assumptions as the pre-feasibility study, including overall gold production of around 750,000 ounces of gold equivalent.
The equivalents are composed of 70% gold, 30% copper values, Norman said.
“So, this project is far from a marginal asset,” he said. “Final numbers will be out here in the new year.”
At Friday’s price per ounce, that puts the 750,000-ounce gold equivalent value at about $3.4 billion.
(Excerpt) Read more at cowboystatedaily.com ...
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Did you mean “USAU”?
“Did you mean “USAU”?”
Yes. Dang it! USAR is “USA Rare Earth” (I own some of that stock).
U.S.A.U!!!
US has so much mineral wealth!
Unfortunately, we also have a lot of Greenie NIMBY’s who hate lawyer up, and block any attempt to open a new mine.
Here in AZ we have Resolution Copper, approved by Trump 45, but instantly shut down by Biden, which is potentially the largest copper mine in the WORLD!
Plus many, many more potential mine sites, fighting forever for approval.
Good luck Wyoming!
The critical minerals mining industry could be a jobs boom for so many areas of the nation.
But you are right, so many greenies will work to stop any mining while using their cell phones and computers that depend on critical minerals. To them, it is better to have the mining done in China by child labor and without any environmental regulations in place at all.
They also want electric-only without realizing that so much of that electricity depends on coal being mined.
USAR sounds kind of interesting. I’m checking that out.
I tend toward dividend or DRIP stocks though.
It is also amazing that ANYWHERE some one wants to stick a shovel in the ground is the ONLY place an endangered creature or plant loves or is on Injun sacred ground.
“I tend toward dividend or DRIP stocks though.”
I too look for dividend stocks — but I make an exception in precious mineral stocks. Those have too much growth potential to worry much about dividends.
For dividends have you checked out PNNT (PennantPark Investment Corporation) or ABR (Arbor Realty Trust)?
Arizona used to be “The Copper State.”
Somewhat related:
“AI Robots Are Already Working Wyoming’s Oil Patch, And Coal Mines Could Be Next “
“Robots and AI are automating Wyoming’s oil rigs for safer drilling, while coal plants are being upgraded with “robot bubble baths” to boost yields amid labor shortages. Industry insiders see mining as next for AI robot workers, despite slow adoption.”
Ever since Barry Soetoro said “shovel ready”, I’ve hated that phrase. Like everything else about him, it was so obviously a lie that I just can’t unhear.
See FReepmail
I used to have the most beautiful copper-colored antique-vehicle license plate from the Copper State.
A lovingly restored ‘69 Ford F100 truck with an original rebuilt 393. Ford Powder Blue. Air-Conditioned! Automatic on the tree.
I had to sell it because the darn thing got 9mpg on the highway. It had the 20 gal factory tank behind the seat. Two saddle tanks. Ninety gallons of fuel storage total.
I used it for a daily driver and on weekends took it out to the Chiricuahas for gold panning and nature/exploration walks, out to Bisbee for turquoise and rock-hounding.
Back then, I complained because it cost a C-note to fill all the gas tanks at $1/gallon.
We miss Southern Arizona, but I think it’s a different place now than it was in the ‘90s.
See FReepmail
Back at you!
We still have few large grandfathered copper mines in existence here (Globe, Baghdad, Sierrita, Superior, Hayden).
But to try to open new mine?!
The hell will freeze over.
They even keep some closed mines “open” on paper, just in case they may need to reopen them in the future.
Recently, the Indian sacred grounds are the ultimate trump in their pockets.
Long after all endangered species die out, then, suddenly, the sacred grounds emerge!
That was e.g. during the 30 years litigation of I202 extension in Phoenix, and it was used as an argument to shut down Resolution copper by Biden.
More related news:
USGS just identified 28.3 TRILLION cubic feet of gas and 1.6 BILLION barrels of previously undiscovered oil in the Permian Basin.
“Geological survey in Texas uncovers 1.6 billion barrels of oil”
https://www.fox7austin.com/news/geological-survey-texas-uncovers-1-6-billion-barrels-oil
A new USGS study finds major undiscovered oil and gas reserves in Texas’ Permian Basin.
The resources could supply the U.S. with natural gas for 10 months and oil for 10 weeks.
Advances in drilling technology are making these deep shale deposits newly recoverable.
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