FWIW, here's another perspective from the Stockhouse board. Has any other mine ever used this ACB approach, or is it unproven, making financing less likely?
Hey guys, I'm a long term investor in RDV, but something here smells. To get approval (permiting) to transport on a river (two rivers) is NO small task, and it says, to me, management is in panic mode.
Permitting:
" In late 2006, the Company identified and developed an alternate access option, "
That doesn't sound like they had been considering this option years ago. It sounds as though they found out late, the building of a road would have made the project non-feasible, and in a panic (not wanting to have ANOTHER non-feas released) they, "in late 2006" blert out
"hey we're a'gunna take the river route".
" Redcorp will make application to the BC Environmental Assessment Office to amend the existing Project Approval Certificate. Canadian federal government authorities will determine if there is any requirement to amend, "
Will determine any needed amending? hmmmmm I wonder what they'll deterine......yes or no.....thats a tough one..........NOT !
The BC Environmental Assessment Office, yeah that should take 3 months....yeah datz it.......
" This alternative is a transboundary route and therefore may require some formal process of review at the Alaskan State government level."
Them too huh? 3 or 6 months tops... you betcha...
" The Company believes that any necessary permitting amendments could be completed in three to six months "
Are they saying that it would only take 3 to 6 months to get the government and ENVIRONMETALISTS to agree that hauling millions of tons of dirt and rock on two rivers would be a simple "amendment" to the existing permits ?
Still long, but ..................... |
