Crow: Whether the responses have been submitted or not, we still need to get through the technical sessions etc. which will take time. This will cost money. But unlike the bridge, this mine is not yet built, and when it is, it will generate a lot of cash. This does not seem to me to be an atypical situation - while the bridge analogy is. Seems to me all mines would go through a similar process. As you recall, the government has requested ridiculous amounts of information and detail, so it is not surprising, but this may change as the new policies on permitting filter through as we have discussed. Delays in this context of rapid change in the process to loosen up requirements seems a good strategy.

By the way, I don't know much about the Basel Committee on Banking, never heard of it before, but this is not unusual apparently and it meets about 4 times per year in Switzerland, with representation from all the major economies and makes the rules for banks all over the globe. Anyway, this organization has made January 1, 2013 the begin date for raising gold to a Tier 1 asset from Tier 3 which means that banks can use it 100% as collateral for loans instead of 50% which was the previous rule since 2004. Plus it requires that banks set aside at least 6% of their collateral assets as Tier 1 assets as compared with the previous 4%. The item below indicates this will begin to generate more demand for gold, will bring gold closer to currency status, and it seems to me at least may make gold assets in the ground more easily referenced as collateral for loans as well. Anyway, see what you think..... Ike

http://www.angelnexus.com/o/web/41810