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From Investopedia.com (they should know something about this): <br />An Asset is `A resource with an economic value, that an individual, corporation, <br />or country owns or controls, with the expectation that it will provide future <br />benefit. <br />A Liability is (outside of considerations of finance and accounting) any money or <br />service that is currently owed to another party. <br />Liabilities can be useful like in purchasing a house, or funding an expansion. <br />There's another term that should be considered. Squander. Using Merriam - <br />Webster's on -line dictionary, it means: to spend extravagantly or foolishly. <br />The faulty reclamation intent by the Office under a default/forfeiture <br />squanders not only viable product, but future land values as well. <br />Still, when you add it all up it's either an asset to value or to squander. That <br />takes us back to waste, which we'll attend to extensively in part j, below. <br />ii. The sand stockpile identified in the report is actively being contributed to from <br />two approved resource recovery operations, which reduces impact on the <br />Heintzelman location, while consolidating the activities of both at the Kurtz <br />location. <br />ii. If the act of replacing the processed sand into a saturated environment goes <br />poorly, it would be destructive to the beneficial end use of the land, attending <br />property values, to the concept of conservation; and perhaps to the public image <br />and trustworthiness of the Office itself. <br />iii. Finally, the loss of a commercially viable product would act to thwart recovery of <br />funds embedded in the asset for some perceived short term urgency that doesn't <br />exist in a life of the mine timeline. The act would place pressure on the new lands <br />to be opened for extraction to meet the eventual need for that product that time <br />would reveal. <br />f) The approved mining and reclamation plans do not indicate a stockpile of this size will be <br />stored at this location. <br />34 -1 -302. Definitions <br />(1) "Commercial mineral deposit" means a natural mineral deposit of limestone used <br />for construction purposes, coal, sand, gravel, and quarry aggregate, for which extraction <br />by an extractor is or will be commercially feasible and regarding which it can be <br />demonstrated by geologic, mineralogic, or other scientific data that such deposit has <br />significant economic or strategic value to the area, state, or nation. <br />Suddenly, with that understanding, `is or will be' commercially feasible makes <br />sense. All Construction Materials Operations are permitted with this <br />understanding, whether anyone is aware of it or not. Because that is the <br />understanding, it is a reasonable consideration that in the event of a <br />Varra Companies, Inc. correspondence of 30 March 2015 to the Colorado Office of Mined Land Reclamation in 8 <br />reply to the OMLR Inspection Report of 28 August 2014 — Kurtz Project — M -1999 -006 <br />