MSB Global Capital Corp. (MSBM)

[sc20565]

Posted by: aries4747
In reply to: Technical-Indicator who wrote msg# 35008 Date:6/5/2007 1:16:01 PM
Post #of 35099

RSDS: Quietly progressing in the permitting process.

I've been following JohnIrag's DD on RSDS since the beginning because he verifies and documents every nugget he's thrown our way.

http://www.investorshub.com/boards/read_msg.asp?message_id=19858383
Some excerpts:
I then spoke to Susan White and Paul Baker at the Division of Oil, Gas and Minerals in Salt Lake City. They were both very helpful and explained once again, that both Federal and State Permits were required prior to Mining Operations taking place. At this pointin time (5/3/07) neither one had heard of Russell Industries, the company was also not registered as a going concern with the Utah Secretary of State, which is a requirement prior to the issuance of a mining permit in Utah.

I have checked back regularly for updates from the Div OGM and Paul Baker has since confirmed for me that on the 14th May, Russell Industries registered with the Division of Corporations, thereby meeting the requirement to file for a permit with the state, but that a notice of intention had still not been received.

Then on the 17th of May, I received notice from Paul Baker that he had spoken with Joel Nowak (US Forest Service) who informed him that they had received an exploration notice of intention from Russell Industries.

Here's further documentation that RSDS did, indeed, register with the Division of Corporations, thereby clearing the way to apply for a mining permit. You have to insert "Russell Industries" when you go to the site:
https://secure.utah.gov/bes/action/searchresults

What's next in the process?

Utah Division of Oil, Gas and Mining
Notice of Intention to Conduct Exploration
Oil & Gas Mining

Minerals Forms:
(Note - All forms are Acrobat PDF files)

General Provisions:

The informational requirements for these forms are based on provisions of the Mined Land Reclamation Act, Title 40-8, Utah Code Annotated 1953, as amended, and the General Rules and Rules of Practice and Procedures, R647-1 through R647-5.

NEW! Application for Site and/or Bond Release
MR-SITE
The Application for Site and/or Bond Release form must be completed when an operator requests either full or partial release from mining and reclamation obligations and/or full or partial bond release. This same application is required if the operator wishes to roll the surety bond (or a portion of the surety bond) over to a new mining area.

Notices:

MR-EXP
This Notice of Intention to Conduct Exploration form applies only to exploration activities. "Exploration" means surface disturbing activities conducted for the purpose of discovering a deposit or mineral deposit, delineating the boundaries of a deposit or mineral deposit, and identifying regions or specific areas in which deposits or mineral deposits are most likely to exist. "Exploration" includes, but is not limited to: sinking shafts; tunneling; drilling holes and digging pits or cuts; building of roads, and other access ways; and constructing and operating other facilities related to these activities. A $150.00 initial application fee is required to accompany the application form and annually thereafter, until the operator reclaims the site and obtains a formal release from the Division.

And here's the real news nugget for anyone willing to have read this far. A simple communication with the Division of Oil, Gas and Minerals in Salt Lake City reveals that RSDS applied for this Notice of Intention to Conduct Exploration last week. RSDS has not trumpeted this fact, but it IS significant in their steady march forward towards acquiring federal and state permits, IMO.