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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 thebakeron Feb 26, 2013 11:27am
126 Views
Post# 21042978

RE: TECK interpretation bleak economics/soft coal

RE: TECK interpretation bleak economics/soft coal

I am not an expert, but I am sure most of those out there opposed to this project aren't either. They are mostly emotional people with their own agenda. Some of them are there to stop this at all cost, just because. Some I am sure are financially motivated. Anyone can use facts and presentations to help their cause. Mokita states that "Teck warns of soft coal market for the first half of 2013". This argument is almost a non-issue when you realize that the first quarter of 2013 is almost over. The other  reason it is a non-issue is that Compliance will not be producing for some time to come, even if they do get a permit. By that time the whole economic picture will likely have changed.

As far as the environmental issue, as I have said, people using this as a reason to stop things wouldn't care no matter how well CEC addresses the issues. They do not want it, just because.

From what I have seen, CEC is doing everything that is required in order to meet the environmental review. They also have done an economic assessment and feel that the project is viable. There are always risks, but we do not live our lives without risk. We are all here today because someone looked at the risk, and decided that the gains outweighed the risk.

I have nothing in this company, and one way or another it will not change my life. I am sure there are those that stand to gain from the decision of whether the permit is granted, on both sides. Some are basing their choice on facts, some on emotion, and some on what they have to gain. At this point I am thinking that the emotional people are likely to win, for now. The prospect of an NDP government is likely to put the brakes on the whole thing. We will have to wait and see.

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