www.complianceenergy.com, and be sure to click on the link to the left side entitled "Corporate Fact Sheet - November 2011". This report has the latest NI43-101 compliant figures.
Compliance Energy has taken steps to ensure that they have left nothing untested in regards to the environmental requirements. They are currently progressing through the Environmental Application Process. This is an arduous task at best, and takes a considerable amount of time, as the government reviews all information concerning the project in its entirety. This includes of course, the environmental impact, as well as the impact it will have on the surrounding communities. Compliance Energy has submitted the pre-application portion, with the final application being completed and ready for submission over the coming months. This final application portion will potentially be ready by mid-year, with hopes that it may be ready sooner. To allow you to try and visualize just how intensive the paperwork is, for this type of application, I will tell you it is not necessarily uncommon for the papers to stack up to nearly a meter high. For anyone to think that this is not a very in-depth process to undertake, is to be grossly mistaken.
This does tend to be a tedious time of waiting, and a time of little news. There is other news that I find quite encouraging though. North Island College (NIC) has announced that they will be receiving funding from the Employment Skills Access Program, a federal-provincial program developed to provide unemployed workers with general employment or job-specific skills so they can transition to the workforce. This funding will cover many types of employment, varying from carpentry, woodland harvesting, integrated core resource skills training, leadership and capacity building for First Nations Communities. What there is truly a need for is trained mining personnel, and the government has added this to the list. With mining contributing nearly $9B to the BC economy, and the current shortage of people who have the required training for this type of work, this is most welcome news. http://www2.canada.com/courierislander/news/letters/story.html?id=e307d440-d8d3-4f9b-865e-472a03317fef
The shortage of skilled mining personnel is not something that is a local problem, but rather is much more widespread and its effects are felt virtually worldwide. This training will enrich many lives by allowing individuals to gain possible employment in a high income earning industry. It is reassuring to see that the government is doing their part, and offer people a means to gain the skills needed to better their lives, and the lives of their families.
Another open letter I came across recently is of particular interest. This is an open letter from the Honourable Joe Oliver, Minister of Natural Resources. http://www.nrcan.gc.ca/media-room/news-release/2012/1/3520
In this letter, the Honourable Joe Oliver makes a statement that is extremely accurate in its attempt to hit directly to the root of the problem facing many industries today. Of course it drew massive amounts of protest from virtually all environmental groups. While the environment needs to be watched over, and very carefully I might add, it is becoming increasingly difficult to get any projects approved. This letter is a very blunt statement that I believe touches to the very core of the underlying issues. While the fact is that we need to protect and be conscious stewards of our environment, it is also necessary to harvest wood, minerals, metals, oil, and gas in order for our lives to continue as we know life. Short of expecting everyone to revert back to the days of cave dwelling, how can we drive cars, live in houses, build bridges, and produce the innumerable items that we have come to view as normal living. Environmental stewardship is something that Compliance Energy holds as highly important, which is the reason they have spent millions on the amount of testing they have performed to make every possible attempt to mitigate any environmental impact.
While the Raven Project is Compliance Energy's flagship operation, the company also owns several additional properties on Vancouver Island. http://www.complianceenergy.com/index.php?id=115
Compliance Energy has received permits to drill on 2 of these properties. http://www.complianceenergy.com/index.php?id=107
The company has stated that all planned drilling has been completed, with the results expected towards the end of Jan. 2012 - beginning of Feb., 2012. This timeline is approximate, and it is of course ultimately dependent upon the labs schedule. Both of these properties hold excellent potential. While some analysts consider that copper supply may not fall into a major shortfall as was previously thought, it is considered to potentially stay rather stable. Of course the next time the International Copper Study Group meets to discuss any changes to the forecast of copper going forward will be in April, 2012 in Lisbon, Portugal. There are others who have adjusted their forecasts also including Goldman-Sachs. Even with these latest adjustments, I think copper will remain strong through the long-term. http://www.commodityonline.com/news/goldman-sachs-cuts-2012-copper-forecast-by-over-5-45181-3-1.html
Copper is of course one of the products hoped to be found in both the NIC and the Camp Lake properties. However, in the case of the NIC property there is also the hope of proving up gold and silver as well, when looking at what the chip and grab samples were. In the case of the Camp Lake property there is the hope of finding molybdenum as well as copper.
All in all I believe that Compliance Energy will begin to show us that there are many avenues of value to this company as we start into 2012, and as the year progresses I think we can expect more momentum to the news we will receive. Another item of interest is the fact that Compliance Energy holds approximately 2.2 million shares of Copper Mountain Mining Corp. (TSX:CUM).
For those interested in considering Compliance Energy as a potential investment choice, I urge everyone to do their own due diligence and seek the advice of a professional advisor. A couple of links that will be useful as a starting point in conducting this research are included here, http://www.complianceenergy.com/index.php?id=27
For disclosure purposes I have received no compensation of any kind for this post or for my opinions. All opinions contained herein are strictly my own. I own shares of Compliance Energy.