Fabled Silver Gold Corp T.FCO

So Mr. Whithat

[dgk80]

What are you thinking now? Are you happy?? Do you feel another pp in the works for 2006?? Please NOTE your POST almost 2 years ago.Do you have any more dribble to tell your fellow board members?? dgk ___________________________ SUBJECT: RE: Is This Company Severly Undervalued...... Posted By: whitehat Post Time: 11/1/03 12:32 « Previous Message Next Message » The best guess that I have been able to determine from talking to Idaho people in the know is between 9 and 13 months to finish and receive the mine permit (the more money available the faster things happen). They have almost universal support of both the locals and the politicals. They have a mine designed with a very small "environmental footprint" for a commodity that has extensive environmental uses. Cobalt also has extensive stategic and high tech uses along with many old style industrial uses and the US producers none from any mines and recycles only small amounts. At the minesite almost all environmental studies are complete from what one of the contractors told me. All it needs now is to be written up in the Environmental Statement (EIS) which is done by the government (but paid for by FCO) which has been involved all through the process. Idaho is also mine friendly for companies with a concern for the environment. A recent very large open pit strip mine in Idaho for phosphates by a big company was appoved with no appeals from any environmental groups. Formation's mine has only a fraction of the impact of the above mine and no selenium problems that the above mine has. Good dialog with the public and a concern to protect the environment, which is a priority with FCO's management as they have won two environmental awards, is the key. Also do not forget that in the last 8 years the Beartrack mine was permitted only 7 miles away from FCO's cobalt mine. Beartrack was an open pit cyanide heap leach mine that produced around 800,000 ounces of gold before closing due to low gold prices below $275 per ounce. I am told that the mine has lots of of very good ore left in the ground but has now been mostly reclaimed making any new mining operation difficult and requiring permitting to start at the begining all over again.