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Gold/Mining/Energy : Solv Ex (SOLVD)
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To: norwalk hawk who wrote (5386)2/18/1998 12:12:00 PM
From: bigtoe  Read Replies (2) of 6735
 
Mike,

I spoke with several people at the Alberta Department of Energy yesterday. I asked if the lease extension restricted, favored or established any one extraction technology. In each instance the answer was no. The reason being that such "language" would be too confining given the length of the lease (15 years) and the possibility of new technologies being introduced.

I did not, however, specifically ask if the lease would not allow the use of a tailings pond. I assumed that it did not because of the way I posed my questions...but we all know what happens when we assume anything. I attempted to call them back this AM but everyone in the office is in Calgary today for a conference and won't be back until tomorrow. I will post the answer as soon as I speak to someone who can clarify this point....unless someone out there already knows.

regards,

bigtoe
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