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• -16- <br />UNIDENTIFIED VOICE: I'm sorry, I hate to interrupt but we cannot hear a <br />thing back here. It's like you're just talking between each other. We cannot <br />hear anything. <br />MR. JOUFLAS: Everybody speak up, please. <br />MR. RENNER: We expected that rate of evaporation would be the <br />controlling factor as to standing water within the pit area. The evaporation <br />rate in the area is 40 inches per year. If over the course of a season, we do <br />not see that sort of evaporation and water ended up standing for longer than <br />that period of time, I think that's when we begin the discussions as to what <br />steps will be necessary to mitigate that. <br />MR. HOLDER: Is that spelled out somewhere or is it a common <br />understanding? <br />• MR. RENNER: I believe it is, perhaps not in those exact words but it is <br />spelled out in the permit application. <br />MR. DANIELSON: That's <br />that if it rains six inches <br />the bottom of the pit just <br />else. But the question is, <br />take some measure. What is <br />doing something about water <br />a concern I have, it that, you know, that I know <br />some afternoon there's going to be a mud puddle in <br />like there's going to be a mud puddle everywhere <br />how much water and for how long before we have to <br />the amount of that bond that is allocated for <br />problems in the pit if they arise? <br />MR. RENNER: We have not specifically bonded for that scenario, Luke, and <br />the reason being was that we feel that we have a commitment that the Company <br />would need to be in compliance with and to bond for that may be bonding for a <br />non-compliance situation. <br />MR. BANTA: We bond typically -- the way we bond for mining and <br />reclamation operations is that we bond on the presumption of compliance. -- <br />