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Re: Chips post# 19633

Thursday, 06/30/2011 6:29:28 PM

Thursday, June 30, 2011 6:29:28 PM

Post# of 67010
Just speculating here, but the way I read it, the approval of the TR-11 gives them the go ahead to finish the work on the settling pond, and it has several inspections to go through. Knowing a bit about government agencies, is seems that they will want to see at least the foundations, liner and protective sand layer completed before they give the go ahead to start the mill. I believe the fill material is going to come from the previously processed ore bearing aggregate and some from the future processed tailings. I believe the old tailings, from the former owners, contained contaminants, hence the need for the lining and drainage channels.
I would think that the mill start up would be allowed since the fill may at least partially come from that processing. Ficose may be able to speak to that more accurately than I, since he has pictures of the areas in question. Also, the new dry stacking method of handling the tailings has, for the most part, nothing to do with the old settling pond. They will be deposited on another site off the POW mill area. A strong case could be made for the start up of the mill before the scope of TR-11 is fully a achieved.
A PR, although it may seem appropriate to us, may be more effective once the work gets to a more significant point. What that point is, again that would be pure speculation on my part, and left up to the good judgement of the CGFI management.
The important point here, is we are making steady progress. I believe the mill will be opened roughly on the schedule that CGFI has put out. They know / knew what they were facing and the realistic possibilities when they released it. So far they have been pretty good at fulfilling their projections, don't you think?
I'll be very happy with that schedule, even with a little slippage.

I just hang out here for the fun of it, that doesn't mean i'm smart.

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