But in a post on LinkedIn late Tuesday, he offered no details and company officials say Walmart's policy on gun sales has not changed. McMillon thanked store employees and first responders for what he said were heroic efforts that saved the lives of shoppers during the recent shootings at stores in El Paso , Texas, and Southaven , Mississippi. In the wake of the shootings, many people have called on Walmart WMT to stop selling firearms.
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Walmart is one of the largest sellers of guns and ammunition in the United States. The retailer does not sell all types of weapons: It stopped selling assault style rifles in It only sells handguns in Alaska and last year it stopped selling any gun to a person younger than 21 years old. In the wake of latest massacres, Walmart is pressured to stop selling guns.
McMillon said he was in El Paso Tuesday meeting with employees and with first responders. He praised the "courageous" associates who put others ahead of themselves. He said the store manager in El Paso was leaving the store and ran back in when he heard the shots. To get a sense of how large this is, imagine the height a story building, of which a third of story is copper. This was just one intersection of an area that could stretch for miles.
Wild speculation began at this stage, as steadily improving drill results proved a massive copper-gold deposit in Mongolia and drove up the share price of Ivanhoe. In , the drilling results contributed to the development of the first scoping study. Using this study, the company needed to secure enough money to build a mine to extract the valuable ore. It was not until two years later, when Ivanhoe Mines entered into an agreement with major mining company Rio Tinto, that a production decision was finalized.
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By , the Oyu Tolgoi mineral deposit was in the development phase with the first shaft headframe, hoisting frame, and associated infrastructure completed. It took another two years for the shaft to reach a depth of 1, feet. Further development work delineated a resource of 1. On January 31, , the company announced it had produced the first copper-gold concentrate from Oyu Tolgoi.
Six months later, the company stated that it was processing up to 70, tonnes of ore daily. The Oyu Tolgoi deposit will last generations , so we have yet to see how this will affect the value of the mine from an investment perspective. These risks can include labor disruptions, mining method problems, or commodity price movement. Investors will have to consider these additional conditions as they pan out. While most mineral discoveries do not match it perfectly, the Lassonde Curve guides an investor through what to expect at each stage, and empowers them to time their investments right. Email address.
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Visualizing the Life Cycle of a Mineral Discovery Mining legend Pierre Lassonde knows a little bit about mineral exploration, discovery, and development. Making Cents of Miners: The Stages of a Mineral Discovery In the life cycle of a mineral deposit, there are seven stages that each offer specific risks and rewards. Concept This stage carries the most risk which accounts for its low value. Pre-Discovery There is still plenty of risk, but this is where speculation hype begins. Discovery Discovery is the reward stage for early speculators.
Feasibility This is an important milestone for a mineral discovery.
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