Ceo Tapics Disclaimer: no comment needed about not putting faith in a feasibility study.
CEC feasibility study disclaimer states company not responsible for inaccuracies etc given the significant risks and uncertainties and in a disclaimer to US investors, is not responsible if CEC does not upgrade coal etc. and not responsible for inaccuracies in its reports.
A credible feasibility study weighs pluses against costs--higher production costs of 10% a year, higher security bonds for toxic cleanup (Quinsam just ordered to increase bond from $1.5 to $7,281 million and to cleanup arsenic and sulphate contamination that will cost millions), exorbitant costs to install mitigation devices that could control toxins (known to be 80% of project budget and not feasible) and last but not least very high risk of bankruptcy that will leave workers desperate.
COMPLIANCE ENERGY CORPORATION
John Tapics Chief Executive Officer
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Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents, filed by the Company on SEDAR at www.sedar.com, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements.