Kozak also highlighted the expertise of the company's management. “Our management team has significant major company experience and a track record of building, developing and operating world-class mines,” he said. “Every member of our management team is here because they want to leave their imprint on a world-class project.”
Right now, General's work at the site mainly consists of clearing the land in preparation for building. Due to the property's 6,000-foot elevation, the ground freezes thoroughly in winter, making more extensive work difficult. Heavier construction is set to start after the spring thaw. Kozak estimates the mine will take two years to build, with first production following shortly thereafter.
Securities Disclosure: I, Chad Fraser, hold no positions in any of the companies mentioned in this article.General Moly Breaks Ground at Mount Hope from Moly Investing News