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Microcap & Penny Stocks : CECN

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To: Doo who wrote (266)10/20/1996 2:31:00 PM
From: Jim Teichroeb   of 1030
 
I think it is standard practice to file an application with the
Department of Mines in the appropriate state whenever any activity
of this kind is undertaken. Issues concerning the environment,
engineering practices, worker safety, soil conservation,
transportation, local economic development, public utilities,
and natural resources among others would be tabled. Pre-permit
conferences, field investigations, citizens' complaint reviews,
water sample analysis and so forth might stand in the way as
obstacles. However, this is 'coal country' where mining is as
common as your apple pie. The 9000 acres of coal is classified as
unencumbered--perhaps you can elaborate here.

Clearly these more technical matters did not stop the power company
in the south-east from making a $93 million cash offer recently.
My assumption, therefore, is that the property could be mined
without too much red tape getting in the way.

Any other comments would be appreciated.
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