It is estimated that £80 million pounds of economic activity will be generated over the life of the Tyndrum Mine ( 8-10 years ) App 50 jobs will be created . There is a £600,000 grant available which is to be released on certain milestones / jobs created . The Scottish Government is well behind this but in most cases its hands are tied by EU regulations . There has been help from the Scottish Government and there will be more help , the mine will run for more than 8-10 years , see presentation, the benefit to the community and to the Scottish economy will run for much longer and be of greater significance than £ 80 million .
Nat le Roux said "I fully support Scotgold management's plan to bring the Cononish mine into production within the next eighteen months. As a Scot I am pleased to be involved in this material step to the development of a significant Scottish gold mining industry."
SGZ Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
