<There are hoops to jump through before Dutch Gold gets close to processing 300 tons a day year-round, despite having permits from the Department of Geology and Mineral Industries, Department of Environmental Quality, Department of Water Resources and others.
At the Benton Mine, the company still operates under an exploratory permit from the 1990s, according to Ben Mundie, reclamationist for DOGAMI.
That allows mining of only 5,000 cubic yards of material a year. Wilcox said ore from the Benton is 3.27 tons per cubic yard, so the permit allows about 16,000 tons, which would run the mill about 50 days at full capacity.
To go beyond, the company needs an operational permit, and there are only a handful of mines with a full operating permit in the state, Mundie said.
“They’re touting themselves as a fully operational, fully permitted gold mine,” Mundie said. “There’s going to be some engineering required to get that operational permit. It will have a lot tighter control than the current permit.”
“We are applying for that right now,” Wilcox said. “By the time we get to the point where we need that, we’ll have it in place.”>>>>>>>>>>
I strongly advise all investors in this stock to call the DOGAMI board as I did. I sold all the stock I bought Monday yesterday and today I could not get out fast enough. <NG>
They may bring you up to speed faster on the commerical permit applicaiton process than what you are hearing from the management at Dutch. I was surprised and angered.
Check it out for yourself this is opinion only JMO and do your own DD!
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