In light of DOWA Metals & Minerals pulling out of the Palmer Project and giving American Pacific $10 million plus 100% interest in the project all for the low, low price of the option to buy half the zinc produced by the mine, I have an idea for how Haines can get in on this sweetheart deal.
First we need to gather all our pennies (the newer ones of course since they are 97.5% zinc) and split them in half. Give one half to DOWA in exchange for $10 million with the exclusive right to half of all our future pennies we find in our pockets. We can then use this money to cover the overrun cost of the encapsulated Lutak dock design.
Next, we can take the other half and melt them down to produce the needed zinc anodes required in the encapsulated dock design. If this doesn’t work, maybe we can just ask American Pacific directly for the $10 million since they are kind of indirectly responsible for us pivoting to this short term encapsulated dock design over our first whole-community-supported rock wall dock design.
Just a thought.
Dan Schultz