RE: RE: IUPZubr this is the way I look at it. EAS has a mining license (IUP). After obtaining this license one of two things happened:
1. The government decided that Miwah was to be designated a SRA.
2. EAS knew that Miwah was designated an SRA and applied for the wrong license.
It is highly unlikely that Mike Hawkins is a moron and so I wouldn't assign too much weight to option #2. So, most likely we are looking at option one and EAS has three choices:
1. Seek arbitration (I think that they will win this one because no one supports retroactive laws)
2. Get a clarification on the status of Miwah. If turns out that Miwah is non-SRA then mining and permitting can proceed.
3. Work with the stakeholders to get a IUPK if required.
I believe that the company is pursuing options 2 and 3. I feel confident that they can work it out. The risk is small.