Excelsior Mining Corp (EXMGF)

[Revello]

Appeal period apparently has ended. The EPA June 22, 2018 notice of final permit decision said:


"Any person who filed comment on the draft permit or participated in the public hearing may petition the Environmental Appeals Board (EAB) to review any condition of the permit decision under 40 CFR §124.19(a) within 30 days after service of this notice of EPA’s final permit decision."

Because the final permit was to be effective August 1, 2018, I assumed that the permit appeal period was until August 1st. Not so. I believe Excelsior Mining's opinion is that the permit appeal period closed Thursday of last week.

In short, it looks like there is only one active appeal. Excelsior Mining said that they are actively in discussions with the appealing party, and that Excelsior Mining is "optimistic" on the discussions.

What that means, who knows, but again, my guess is that Excelsior Mining may be considering whether to install a couple of guard monitoring wells to appease the appealing party to convince them to rescind their appeal. May be a little bump up in CAPEX requirements, but imho, worth it if we can avoid a 60-90 day delay and get the financing closed ASAP.

Would be sweet to see another appeal rescission letter in the near future.