Doug and I wanted to send you an update as to what is happening with our gravel investment. We, with our consultants, continue to work diligently to have this project move forward.
All of our correspondence and expert reports have been placed on our Standing Stone website. For now I have attached the relevant documents and will give you an update of what is going on without the 200 pages or so of expert reporting.
We have filed numerous reports with the County of Rocky View and the Province of Alberta.
1. The Environmental studies are complete and filed.
2. The Highway Traffic & Impact studies are complete and filed.
3. The Site Management Plan is presenting a few challenges. The SMP is very similar to the Environmental Study but the County keeps requesting information well beyond what the province requires.
Our Operator JLG Gravel would like to get going on the harvesting of the pit as she advised that there work coming up that she would like to bid on.
I have met with Spray Lakes Lumber a number of times. On the Thursday the 26th of May I met with Lance Greer from Spray Lakes on our site. Lance has convinced me that we must harvest all of the Pine trees on our property. He advised that any trees we leave behind will die quickly, or be blown down by wind or eaten by beetles. Lance has been on site doing a calculation of values by tonnage and we look forward to receiving his quote as to possible payments. Attached are the most recent emails to and from Lance regarding the Timber.
Doug and I visited Sundry Alberta last fall and met with Columbia Pole LTD. about purchasing the Telephone Pole quality timber from us. They have agreed to co-ordinate with Spray Lakes to take the poles that qualify and pay us a premium for the poles they take.
In terms of timing, we have spoken to our Consultant Rob Kelham P.Eng and he advises that we should be in front of Counsel seeking final approval for our pit this fall. Rob has in the past suggested to Doug and I that we would be harvesting gravel in the fall of 2016 and obviously that has been delayed.
We have received advice from an Independent Gravel Consultant that our pit is worth approximately $20 million dollars. Fred Shepel of F&E Consulting Services Ltd.came to this conclusion based on his over 40 years of work for Lafarge Canada Inc. Fred told me at our recent meeting that if we were decide to sell the Pit it would sell for approximately this amount...... he simply can’t confirm the date.
I have delivered to Fred about twenty five gallons of gravel and he is having a consultant test the gravel to determine if it qualifies for Concrete in terms of it hardness. You may recall Lafarge visited our Pit a few days after our offer was accepted and they wished to purchase all of the 4 inch or greater gravel for use in their Concrete. Our Consultant Fred is aware of this but still would like it in writing as to the make up of the material.
Finally, I have asked Randy Rochefort, who is our Investor Relations and Technology Consultant with our two other Standing Stone projects, to contact each of our investors and take them through the Dropbox format , This is where you have access the latest up-to- date information.. He will be assisting us by keeping all of the group informed of any new developments.
I hope this update assists those who Doug and I have not been in contact with.
We will endevour to keep you up to date and you will all be hearing from Randy Rochefort in the near future.