They trot out profound and pusillanimous statements

Jack Caldwell, who has spent most of his working life consulting to the mining industry, has some investment advice when it come to the Pebble Mine.

The Pebble Mine cannot cheaply or safely dispose of their tailings. So avoid them as an investment. News reports this week talk of tailings dams as big and as long as the Great Wall of China. This is a good analogy.  And one day those dams will fail and wipe out the salmon industry, regardless of what you say.

It gets better.

I have read everything I can lay my hands on about the Pebble Mine and its tailings. They are clueless. They are professional consultants struggling to tell an optimistic story. They are obviously influenced by their client.  They trot out profound and pusillanimous statements. It is a farce.

LINK (Via: I Think Mining)

The Anglo American and Rio Tinto shareholder meeting is taking place this Thursday in London and the NRDC will be there to deliver 400,000 signatures in opposition to the mine.

They should bring a copy of Jack's blog post to hand out to investors.