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gitreal

08/07/12 9:04 PM

#77411 RE: Warmy #77410

How is something an asset if it takes more to mine than its worth? That's why in-ground appraisals with a dollar amount are not appropriate and are very misleading. It gives a false sense that there are millions or billions of dollars in ore just waiting to be scooped up and taken to the bank. Let's agree to disagree on the appraisal because that appraisal was so bad, and so misleading, that it makes my head hurt.

I will try once again to answer your question. You are asking what it would take to permit the removal of ore from the mine and pile it up somewhere? Am I close?

Not sure what you mean by a "dry extraction process" for mining. Removal of ore would require drilling, blasting, and haulage to the portal, and not sure where the term "dry extraction" comes in. Are you sure you are not referring to the milling and processing part of mining?

Regardless, if they pile that ore on the ground outside the mine, and the ore fails for "inertness", they will need an APP. They will generate some waste rock, and if they pile that on the ground outside the mine, and it fails for inertness, they will need an APP.

If they load that ore directly onto a truck and move it to a process facility somewhere else, they might avoid the APP at the minesite, but probably not. Is there water in the mine? Are they discharging it somewhere? That would require an APP. And don't forget about the waste dump, which nobody could afford to truck off-site as well.

People have tried to open up small mining operations in Arizona and have claimed some kind of "environmentally friendly process" that exempts them from permits. Good luck with that.....