Compliance Energy Corp CPYCF

Raven feasibility report needs to be updated

[mokita]

Raven feasibility report claims economics for coal is "robust,"  a claim made in 2009.  No evidence for "robust" but plenty for "bust" --coal mine stocks down up to 60%, coal miner layoffs, shutdowns and slowdown of production; plunging coal prices; more competition from third world countires developing coal resources etc.

Analysists state Junior miners are at greatest risk.  Additionally, too many gaps in CEC feasibility report to expect a Junior miner can be profitable:  missing taxes, missing adjustment for substantial hikes in diesel fuel, missing 10% increase production costs yearly; misleading claim cost for mixing a small % of low grade met. coal with higher quality coal to make the "for steel making" grade; missing security bond for acid mine cleanup that is likely to be similar to Quinsam Mine's $7 million plus; missing compensation to First Nations for loss of fish habitat.  Read CEC disclaimers to American investors that CEC is not responsible if it does not upgrade coal.  For a company that claims to give accurate up to date information, CEC needs to update its feasibility report to include missing costs and current economic conditions.