You believe that PR from 2011?? Well, fast forward to 2013 and Hondo has sold off much of the equipment on the property, and ADEQ has issued them a Notice of Violation for illegally disturbing historic tailings without benefit of an Aquifer Protection Permit.
Any investor buying Hondo's assets will have to deal with a multi-year, very expensive permitting process whether they do any "processing" or not. Hondo has opened up Pandora's box.
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