S32 2.15% $3.64 south32 limited

Hermosa land swap

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    WASHINGTON — The Trump administration is rushing to approve a final wave of large-scale mining and energy projects on federal lands, encouraged by investors who want to try to ensure the projects move ahead even after President-elect Joseph R. Biden Jr. takes office.

    In Arizona, the Forest Service is preparing to sign off on the transfer of federal forest land — considered sacred by a neighboring Native American tribe — to allow construction of one of the nation’s largest copper mines.

    https://www.nytimes.com/2020/12/19/us/politics/in-last-rush-trump-grants-mining-and-energy-firms-access-to-public-lands.html?searchResultPosition=2

    S32's current land package over Hermosa is not ideal, It is drilling at odd angles to begin from its titled area and reach out under federal lands.

    Hermosa is not mentioned in the story, yet a glance at the slides reveals the significant benefit were S32 able to better position its land holdings over Hermosa.

    This would not bring mine construction forward, but it would make the task a lot easier.

    Ash
 
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