Question-and-Answer Session
Operator
Thank you, ladies and gentlemen, at this time we'll be conducting a question-and-answer session.
(Operator Instructions) Our first question is coming from [Bill Gordon] with Gordon Capital. Please state your question.
Bill Gordon - Gordon Capital
Good morning, Dave.
Dave Clark
Good morning, Bill
Bill Gordon - Gordon Capital
The slight sense that we are getting for mill, how does that evolve. In other words, the net page would be getting permitting to do the mill and then to build the mill, what type of timeline do we have here?
Dave Clark
Rick, would you like to answer that.
Rick Horn
Yeah. The license we are acquiring is the possession only license, which allows the restoration to (inaudible) at plant. Since we are buying a 100% of Rio Algom Mining Limited that license will come over to us without transferred. The only thing that happens is they verified that we are qualified to hold the license. Over about an 18 months to 2 year period, we are going to detailed engineering studies, that we will not only design the mill but also design the tailings, and this is probably the most single important part of the putting the new mill on site as getting the tailings there because that's where most of the environmental problems came from in past.
Our tailing sales will be record compliant, 40 acres or less, double-lined, leak protection, there will be no discharge to the ground water and there will be no wind blowing tailings problems. We believe that this will take again 18 months to 2 years that includes the engineering and the permitting section activities of the NRC. It will culminate in a construction and operating license that will then allow us to construct the plant.
Bill Gordon - Gordon Capital
Okay. One other question. I know going to next year in terms of the Federal District Court in Denver regarding the Indian issue, and I assume that if we lost, it was going to go the Supreme Court. I am told by couple of attorneys that the Supreme Court doesn't have to take the case, and if we lose, can leave it at the Denver Court ruling. Under those circumstances, I know Roca Honda, and Ambrosia are clean and have no Indian claims on them. But from what I can put together a good deal on rest of our properties do have either relationships or as far as what I can see calling it Indian country, approximately about 110 million or so pounds of uranium, what is our risk here, how much can we negate from this if we lose?
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