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Re: lmcat post# 19694

Friday, 10/14/2011 6:38:46 PM

Friday, October 14, 2011 6:38:46 PM

Post# of 60120
Again this is not correct. Timberline had large payments due to the property owners and without a delay in payment they decided to walk. I sat with the BLM a few years ago and there were lots of comments against the Timberline permit. Most of those comments were much like yours CAT in that they said that the BLM had to consider the impacts of mining prior to issuing the road and drill permits. As the NOI application was just for a road and drill holes that type of analysis was uncalled for. The BLM had requested Timberline supply help to the BLM in re-writing the opinion to address the fact that this type of analysis was uncalled for as mining was not contemplated. Even if it may be a result in the long term, without knowing the location of a mine, the type, the size, the processing that type of analysis is pointless. The comments from the BLM were that permits would be issued for the exploration work. That is all that needs to happen for positive news. Again as an investor in junior companies I don't care if they mine. In fact I hope they never do and get bought out. Just look at jr stocks and see what happens from discovery to through reserve definition - price goes up fast. Once they stare feasibility price goes down as it is a long process. Investors will not be around for a mine. Get out after the run-up.