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Fabled Silver Gold Corp T.FCO


Primary Symbol: V.FCO.H Alternate Symbol(s):  FBSGF

Fabled Silver Gold Corp. is a Canada-based company. The Company is focused on identifying new opportunities.


TSXV:FCO.H - Post by User

Bullboard Posts
Comment by pcnisbeton Jul 03, 2005 4:40pm
379 Views
Post# 9235111

RE: Rio - Gate realities

RE: Rio - Gate realitiesGlad that you finally admit that the reason Slavin no longer accesses the property has nothing to do with his being banned from the property Rio. Yes he sold his position, as he had tried to do to FCO for a whole lot of years. After the cabin burned down, there was not a whole lot of reason for him and his family to head back there. But the fact he sold, has nothing to do with the fact that he was granted unlimited access for years while he owned the property. As a matter of fact, Rio, the fact they purchased the property to expunge his access rights tells you volumes about the case. He was copper leaching in pits right next to Blacktail Creek, Rio. There was significant copper loading occuring due to leaky pad liners and frequently broken PVC. Yet even though his site was a major contributor to the copper loading on the Deer Creek system, it was not included in the Consent Decree nor listed on the NPL. Rather than simply add his claims to the list or include Slavin as a PRP, they chose to buy him out and to hold he and his assigns and heirs free of all liability and to clean up his site themselves. Why did they go to that expense Rio? Because they did not want the site expanded or the same rules from the Consent Decree to be invoked for a larger area that would include more mines in those drainages. There are thousands of workings and literally hundreds of thousands of tons of tailings and copper bearing wastes down in the creek from earlier work up there and a clean up to the Sites required standard could double their costs. FCO has not been banned or blocked from access Rio. They still have gate keys. That gate still sits on Public Lands and is not the border for private property. And if Alcan wants to block FCO, they have the same situation they had with Slavin's, they can buy FCO out, but I suspect that the price tag looks mighty high to them, so they are taking harrassing action. They know that the deposit and the potential for it as a mine is real and as a consequence they are not going to be able to buy Formation's position cheaply, as they did with Slavin's claims. FCO has major options. First they have three remedies under law to keep the existing road from being restricted on the say of one party to the consent decree, to whit, Alcan. Any of those three options or a combination of them shread Alcan's attempt to back door through the USFS offices in DC a restriction in access to a property they do not own. Then of course, FCO has the right to rebuild access routes up either Little Deer or Big Deer Creeks. It would not take much effort to run a cat up either of those roads and clear the debris or to bailey bridge Panther Creek. The USFS would prefer not to have that be an alternative, but if access was really restricted on the existing main haul, they would grant FCO the right to a seperate road. This is all about politics and who do you think has the better political organization in Idaho? FCO or Alcan?
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