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Compliance Energy Corp CPYCF

Compliance Energy Corp Is a Canada-based exploration and development company. The company is engaged in the exploration and development of resource properties. The firm is an exploration and development company working on resource properties it has staked or acquired, principally on Vancouver Island. It has interest in Comox Joint Venture (CJV), which holds the Raven Underground Coal Mining Project (Raven Project).


GREY:CPYCF - Post by User

Comment by chrisaleon Sep 24, 2012 6:18pm
110 Views
Post# 20408640

RE: RE: RE: RE: RE: RE: RE: RE: Petition on Raven

RE: RE: RE: RE: RE: RE: RE: RE: Petition on Raven

It is included in the E&N evaluation done by the BC Government in 2010.
Table 3.1 of the "Development Strategies" document lists the cost of 'corridor improvements' to the Port Alberni line to be $25.6 million. Throw in possible bridge repairs that need to be done and a spur to the Raven site, you'd be looking at $30-$40 million.
Note those are whole-costs. They do not take into account any cost sharing that might occur with industry (Raven), the rail operator, or other sources of funding which would be very likely to occur because of how rail is generally built.
The 2012 Horne Lake Connector study listed below pegs the cost for the new highway at $65 Million. The $100 Million figure is a number provided by proponents to the media and apparently includes both the cost of the highway plus the cost of a ring road ($??). This was before the Ministry released the Connector report detailing the $65 million cost of that section of their plans... whether that figure jives with what the proponents had anticipated has never been explained but I suspect it is significantly higher than what they thought and so $100 million is probably a low-ball estimate at this point. Unlike a rail proposal, the highway proposal would be fully taxpayer funded.
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