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Gold/Mining/Energy : Winspear Resources

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To: average joe who wrote (7638)	8/10/1998 11:59:00 AM
From: Elizabeth Andrews	Read Replies (2) of 26850

You haven't been paying attention. If Inco had secured a mining permit they would be mining it. Inco doesn't own the surface rights and the Crown owns the minerals. Inco never gets title to the minerals. If the negotiations get ugly Tobin could instruct Inco to remove all of its equipment and buildings from the site and cease work. Tobin could find another use for the site or another operator. Technically it would be not be an expropriation because Inco, no matter how much they spent, do not have an interest in the property. They have an exploration permit which is very limited in scope and does not confer any legal rights to the land or the deposit.

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