You're likely referring to the following:
In July 2011 the Company entered into a royalty agreement with a company owned by a director of the
Company. The royalty agreement arose in connection with the use of proprietary mercury emissions
technology, owned by the related party, at Jerritt Canyon. During the three and nine months ended
September 30, 2012 a total of $0.1 million and $0.3 million was charged, respectively, to the Company under
this agreement (nine months ended September 30, 2011 – $nil and $0.1 million, respectively).
Isn't this emission technology system what the mining world has been raving about, that brought the ppm of mercury far, far below the current industry standards?
Ok, so it was invented by a VG engineer -- good for him/her! Many if not most companies welcome creativity from their employees, if it will save the company money in the long run.
It's costing a couple of hundred grand to run it -- doesn't sound like very much to me. How much would it cost the company NOT to have this sytem in place? Would they be struggling to even approach the industry pollution standards? You figure all the permitting didn't go easier because they were able to show real progress in reducing emissions? Why do you think there are so few roasters in Nevada? You think pollution standards are somehow going down?
What do you actually know about this situation? Or are you typically ringing the alarm bell on unsubstantiated opinion? How about you give some real info, not snide insinuations?