I can see where you might feel that way, but the bond money doesn't get touched by any agencies. That's why the form was so important that the DRMS requested to be tacked on to the check provided. This form designates this money and keeps it off limits from the rest of the government. The bond is a warranty; it's the company ensuring that they will do their part and follow the rules (past mining experience in Colorado has shown companies are utterly horrible at policing themselves in this regard without monetary incentive). Mods, or anyone else who knows rightly, correct me if I'm wrong, but if CGFIA completes their milling at POW in the long distant future, don't go bankrupt before clean-up, and end their permit contract upon fulfillment of clean-up requirements, then the warranty bond is returned to them?
That's my understanding of how it works. The Bond is simply an amount of money which allows the Government the confidence that the company won't leave them with the clean up bill. If they didn't require this, you'd probably get little Buttes and Leadvilles all over the Rockies.
All comments are in my own opinion and should not be substitute for one's own due diligence. They should also not be considered as advice for purchasing or selling any stock.
