Heads up SMD shareholders!Western Copper, with:
| COPPER |
6.8 Billion lb |
| GOLD |
11.1 Million oz |
| MOLY |
495 Million lb |
has appealed Yukon Water Board’s Decision.
Additional info:
https://www.westerncoppercorp.com/index.php/news/release_full/220/
If the appeal fails, it will affect stock prices throughout the region!
Here`s the latest:
CHON-FM 7:30 A.M. NEWS WEDNESDAY,OCTOBER 20, 2010
1.The court case bringing the Water Board’s jurisdictionand decision overa proposed heap leach mine outside of Carmacks has been on theminds ofthe NDP this week. (Roxanne Stasyszyn) The Western Copper Corp.andCarmacks Copper Limited versus the Water Board and Yukon TerritorialGovernmentcourt case is set for a hearing in early December. However,the respondentsmeaning the government have only until next Friday tosubmit any factums ofstatements of facts for their case to the justice.So far they have not done so.The government’s lawyer Laurie Andersonstated that she has no comments to makeat this point in time. However,NDP member for Mount Lorne Steve Cardiff says itseems fair to expect thegovernment to be making some defence for the regulatoryregime theyconstantly boast about. (Cardiff) “It might be part of theirlegalstrategy. The fact that they haven’t filed anything is not anindication thatthey’re not going to mount a vigorous defence of theregulatory regime which theminister is so proud of. The minister hasn’tbeen forthcoming with informationwhen I asked him directly about thelegal defence of the Waters Act and theWaters Board and the upcomingcase. He avoided that question but I hope thatthey do vigorously defendthe regulatory regime that he’s so proud of.” Thecompany is challengingthe Water Board over its decision to not grant a waterlicense. It wasthe only part of the regulatory regime to stop the project frommovingahead.