(the government can confisdcate property in USA for `public purpose")
Until this is resolved they are on hold I own stock and am waiting to buy more. This is an
importan thurdle. Analysts who follow stock need this cleared up before becoming extremely positive;
The permits and cap-ex funding will come
March 06, 2013
Curis Statement On Recent Action By The Town Council Of Florence
March 6, 2013, Vancouver, BC -- Curis Resources Ltd. (TSX: CUV) ("Curis" or the "Company") responds to a recent vote by the Florence Town Council authorizing the acquisition of private land owned by Curis through eminent domain for the purported purpose of a wastewater treatment facility. The Town's recent action has no legal effect on the ownership of the Company's land or near-term project development plans.
The law in Arizona and the United States places a high value on the right to own private property and heavily restricts government bodies from unwarranted takings of private property. The Fifth Amendment of the United States Constitution provides that "[n]o person shall be ... deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation." Hence, Curis has no doubt that the courts will not permit the Town to follow through with this Council authorization.
The use of eminent domain comes with onerous legal burdens of proof and costs for the Town if it fails to meet them. Given the tremendous amount of vacant desert land in the region of the Town and the typically small footprint of a wastewater treatment plant, the selection of Curis' entire private property holdings as a potential site for a wastewater treatment plant lacks foundation.
The Town's attempted action does not include the 160-acre state trust land parcel on which Curis can operate for nine years, including the Phase 1 production test facility and the first years of commercial operations of Florence Copper. Once final permits are received, Curis plans to continue to move forward with the Phase 1 production test facility in the near-term. The Phase 1 production test facility is intended to demonstrate the safeness of the project, that it operates well within the parameters established by the State (ADEQ) and the Federal (EPA) agencies, and that it provides significant employment and economic benefits and opportunities in the Town and region.
Curis has advised the Town that it is willing to meet, discuss and address any and all concerns with respect to the proposed Florence Copper development, including the ability to accommodate the wastewater treatment facility. The Company remains committed to an open and respectful dialogue with the elected officials and citizens of the community.
Best regards
Soccer