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• -17- <br />not that they would be out of compliance. Where we are right now is that we <br />will bond on the presumption that there is not going to be water in the pit, <br />that's what the Company has demonstrated to us. If for some reason it was <br />determined at a later date that those original assumptions need to be <br />adjusted, and we had to require say backfilling of the pit to an additional <br />level, then that would become part of the reclamation plan and we would bond <br />for that additional requirement. We would come back and review that with the <br />Board. <br />MR. DANIEL SON: And I guess, ~ final question on that subject is; "How <br />do you anticipate, by the end of the life of the mind, you will Know whether <br />water is going to be accumulating in there or not or is this a situation where <br />we might have the end of the life of the mine, bond release, and then three <br />years later something starts arising which causes water to accumulate there"? <br />MR. RENNER: I would fully anticipate that by the end of mining we will <br />• know whether we will see impounded water at that site or not. That can be <br />pretty easy to determine based upon the pumping rates necessary 'to keep the <br />operation dry. <br />MR. DANIEL SON: And are we depending on our own periodic inspections of <br />the mine to determine that or is there sane requirement that the Company <br />periodically report on the wetness or dryness of that pit? <br />MR. RENNER: There is no current requirement for the Company to report on <br />the volumes of water encountered or pooped. So I would presume then that it <br />would be the division would have a handle on the operation at any one point in <br />time via it's inspections and annual reports submitted by the Company. <br />MR. ENTZ: What is the expected depth of the West Pit? <br />MR. RENNER: I believe that at its deepest point 140 feet below the <br />elevation of the stream. <br /> <br />