Excelsior Mining Corp (EXMGF)

[Revello]

Not sure why the sp is plummeting today, albeit at low volume. Could be the nearly one month extension for the comment period. My guess is that the extension is due to the holiday season (EPA employee leave) and potential for a federal government shutdown in the second week of December.

Thus far, no public comments have been posted by EPA on the website. EPA's website indicates it will post public comments as they receive them.

After the public comment period on the draft permit/aquifer exemption proposal ends and assuming no vociferous objections or comments, EPA will post its decision on issuing a final permit, and allow a 30-day period in which any persons or entities who submitted comments in opposition to the permit can file a petition to the Environmental Appeals Board (EAB -- admin law judge-like forum) to overturn or modify EPA's permit/aquifer exemption decisions.

After that 30-day period expires and there is no petition to the EAB, the permit is pretty much final and unchallengeable, unless Excelsior fails to comply with the permit terms and conditions.