Friday, August 10, 2012 4:10:07 AM
Hey GRIZZ, I understand how you feel.
Here are a few items that may help.
Kuni sent me a reminder from the recent press release that stated the funding used on the reduction of the mortgage on the POW mill will also supply the funding to construct the impound area for the dry stack area. So Guyer has that in process already.
The approval with conditions (5 in total) said no milling till the impound is completed. This is because the tailings are considered an environmental issue. Stacking the tailings, dry or not, outside in the rain and snow would result in leaching of the cyanide residue onto the membrane. The impound was not designed to accumulate large quantities if water, so it must be at least for the most part, weathertight. If not, a system will need to be in place to deal with that accumulation of "contaminated" water.
So the clear span cover protects the tailings from possibly leaching contaminants into the soil. (When the impound is full, it will be capped just like the settling ponds and the clear span cover dismantled and moved to a new site to be reused.) So, yes, there is a reason that things need to be done in order, at least for the impound.
I'm not sure about the old ponds, but there is the bond still in place on them. $500K+ in cash bond, most of which is to be returned when the recovery work is completed. That may not be necessary before the mill restarts, but it certainly is to CGFI's advantage to complete it and get the cash back.
The C&D seems to be partially in place. CGFI can ready the mill and freely conduct other work there now, but just not process ore. Before today, ANY work needed the ok from the DRMS before it could be done. So it seems like it is removed, except for accepting and milling ore. Plant renovations are now ok to do.
As far as the PR about today's hearing goes, I think we need to give Steve Guyer a little time to get the PR written and out into the public. He just got word last night about the withdrawal of all objectors, but the official word from the MLRB didn't happen until this morning. (And it is a small company, so we don't really have a PR department...yet.
I think a day or so may be acceptable to plan the wording and get it out. And don't forget that he may judge Monday is a better day to release the PR. (I'm no expert on those PR things, but I can see some advantages to waiting till Monday to alert the stock media.)
So far I see Guyer as being a calculating, shrewd, man who plans well and has had a lot of tenacity to accomplish what he has so far. He may not have done it on our schedule, made a few mistakes, and he certainly did piss off a few people, but he is "getting it done". He also should know much more than we do, so let him play the chess game the way he thinks it needs to be done.
He has as much on the line, personally, as we all do. He is in this to win. I still think he will make us all a basket of bucks!!
It is still a waiting game for us. But Guyer and company can now get to work on the dry stack prep.
Let's give him a couple of days to catch his breath and dig in to the next item, the merger and chill.
Fearn and staff can do the mill stuff. Guyer can work on the money.
Hang in there GRIZZ. It's not easy to watch and wonder, but we can't expect Guyer to be too open with his plans. If he tells us what his next move is, he also tells the vultures and buzzards who would surely pick every bit of meat off our bones.
CGFI is still vulnerable right now. Knowledge is power. Controlling the knowledge is even more power. Trust him just a bit longer. Your blood pressure will appreciate it!
You know we are all hoping for the best, buddy!
Besides, I need you to help me find an appropriate bike to ride around the back country with you guys. So don't blow a gasket on us!
Enjoy the progress we have so far. More will be on the way soon.
MT
$CGFIA
Here are a few items that may help.
Kuni sent me a reminder from the recent press release that stated the funding used on the reduction of the mortgage on the POW mill will also supply the funding to construct the impound area for the dry stack area. So Guyer has that in process already.
The approval with conditions (5 in total) said no milling till the impound is completed. This is because the tailings are considered an environmental issue. Stacking the tailings, dry or not, outside in the rain and snow would result in leaching of the cyanide residue onto the membrane. The impound was not designed to accumulate large quantities if water, so it must be at least for the most part, weathertight. If not, a system will need to be in place to deal with that accumulation of "contaminated" water.
So the clear span cover protects the tailings from possibly leaching contaminants into the soil. (When the impound is full, it will be capped just like the settling ponds and the clear span cover dismantled and moved to a new site to be reused.) So, yes, there is a reason that things need to be done in order, at least for the impound.
I'm not sure about the old ponds, but there is the bond still in place on them. $500K+ in cash bond, most of which is to be returned when the recovery work is completed. That may not be necessary before the mill restarts, but it certainly is to CGFI's advantage to complete it and get the cash back.
The C&D seems to be partially in place. CGFI can ready the mill and freely conduct other work there now, but just not process ore. Before today, ANY work needed the ok from the DRMS before it could be done. So it seems like it is removed, except for accepting and milling ore. Plant renovations are now ok to do.
As far as the PR about today's hearing goes, I think we need to give Steve Guyer a little time to get the PR written and out into the public. He just got word last night about the withdrawal of all objectors, but the official word from the MLRB didn't happen until this morning. (And it is a small company, so we don't really have a PR department...yet.
I think a day or so may be acceptable to plan the wording and get it out. And don't forget that he may judge Monday is a better day to release the PR. (I'm no expert on those PR things, but I can see some advantages to waiting till Monday to alert the stock media.)
So far I see Guyer as being a calculating, shrewd, man who plans well and has had a lot of tenacity to accomplish what he has so far. He may not have done it on our schedule, made a few mistakes, and he certainly did piss off a few people, but he is "getting it done". He also should know much more than we do, so let him play the chess game the way he thinks it needs to be done.
He has as much on the line, personally, as we all do. He is in this to win. I still think he will make us all a basket of bucks!!
It is still a waiting game for us. But Guyer and company can now get to work on the dry stack prep.
Let's give him a couple of days to catch his breath and dig in to the next item, the merger and chill.
Fearn and staff can do the mill stuff. Guyer can work on the money.
Hang in there GRIZZ. It's not easy to watch and wonder, but we can't expect Guyer to be too open with his plans. If he tells us what his next move is, he also tells the vultures and buzzards who would surely pick every bit of meat off our bones.
CGFI is still vulnerable right now. Knowledge is power. Controlling the knowledge is even more power. Trust him just a bit longer. Your blood pressure will appreciate it!
You know we are all hoping for the best, buddy!
Besides, I need you to help me find an appropriate bike to ride around the back country with you guys. So don't blow a gasket on us!
Enjoy the progress we have so far. More will be on the way soon.
MT
$CGFIA
Don't take my word for it, Do your own research! Then you will know it's true!
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