Comstock Inc (LODE)

[saildone]

Well by naming the province in the PR, I was able to look for news about what is going on there. Didn't find anything about our company partner but did find quite a bit about the mercury polluted Naboc river. Over the years there have been many small miners working their claims and allowing the mercury to run off into the river. It has become a huge problem.

The province of Davao de Oro has determined to finally do something about the contamination. There was an article about shutting down the processing plants that were still operating. They had already had a number of them voluntarily shut down operations and had given the others a year of grace to get shut down. When they did not shut down they sent agents in to compel them.

The government recently let out bids to a number of contractors to dredge the river and remove all of the contaminated soil. Interestingly, the governor told the companies that if they recovered precious metals it would be theirs to keep since it was already classified as waste. This looks as if it would be the starting point for mercury remediation and PM recovery.

The dredging companies would get to keep the PM and pay royalty to our partner company. Strictly an assumption on my part but it seems to be where the action is currently.