Fabled Silver Gold Corp T.FCO

RE: Rocks on the tracks

[pcnisbet]

Rio Why do you keep trying to tell your elders how to suck eggs? Ayed is correct, its quite common for privately held ventures to not bother with a feasibility report of any sort. Heck its even quite common among the majors. IM companies seldom go for a complete set of feasibility reports and I do not think I know of a single S&G or limestone ops that ever does one. All of those folks still do their permits with the agencies and all of them get their required EIS, NPDES, Storm Water and Wet Lands work signed off without a single fancy report by the Consulting firms providing feasibility studies. I have never seen a scoping requirement from the USDA Forest Service that required a company to provide feasibility information, quite the contrary, every EIS I have seen to date specifically excludes the kinds of financial information that such documents contain. Its not any of the USFS's business what the profit margins for a mine will be. You can engineer a complete mine plan without any reference to a feasibility study. You can do all the required met testing and mill and tailings design work without a feasibility study. You can have all the environmental engineering done without having a feasibility study. And you can do all the work on those elements of the requirements for a permit in house under existing USFS rules, so the engineers from the standard Feasibility outfit are not required. As ayedgal noted, the feasibility study is primarily a financial document that defines the level of certainty and hence the level of risk for people who are putting up funds to build the mine. There is no place in anybody's lexicon that requires a feasibility to be complete prior to permitting. Even in firms that go that extra mile and finish a completed Final Feasibility Study they are likely to be doing so for some purpose related to project finance. As a singular example, Noranda completed two seperate Final Feasibilities following completion of their EIS on the Blackbird, one for Cobalt and the other for Copper. Since they had already let the mine plan and EIS lapse, they completed those particular studies to vend their property and to accurately fix its value for the people they were shopping the hill to. As I read the Copper based Final Feasibility, they did not even have a single met test for making copper cons or for tailings in the report. Your posts on this are interesting though Rio. Is it that you work for one of the consulting houses that write Feasibilities and got beat out on the contract for doing FCO's work? Is that why you hate Scott and MG so much?