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But I don’t think Mayor Cobb and I agree on what is meant by “red tape.” If I am allowed to paraphrase his argument, red tape for him is the environmental assessment and approval process, which in his view is stifling the development of the proposed Prosperity Mine south of Williams Lake. Prosperity is a huge potential project seeking to mine 5.3 billion pounds of copper and 13.3 million ounces of gold. With copper around $3.60 per pound and gold around $1,800 per ounce, the mining play is valued at close to $43 billion at today’s prices. With inflation, it could end up generating twice as much. That is a lot of money.