Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from the line of [Charles Smith with SG Management].
Charles Smith - SG Management
I have a few questions that are related to the Tenth Circuit decision. Considering that the Supreme Court only takes about 1% of all cases that are applied it for review from the lower court, is there a reason why you are not going to apply for the EPA permit right away?
David Clark
As I said, we are going to proceed in the manner that we'll get that permit as quickly as we can and that's still and I have the question. There is a consideration that if you apply for the permit, you may be standing in the court case, but we are evaluating, again, the best manner to move forward, with a lot of consideration at the moment.
Charles Smith - SG Management
How expensive is it to apply for an EPA permit and what's the duration of time that the EPA generally takes in order to resolve these issues?
David Clark
It is a one or two year process. We have actually filed; filled out the application and filed for Section 17 and we are pretty much in position to do that for Section 8 as well at Church Rock before the court last time in 2007.
But, this part of the process is not time consuming to file the permit application, the EPA will then go through to ask questions to verify everything in the application is quite correct, and then you enter public process which is where it gets more expensive.
Charles Smith - SG Management
So, basically you wait till the judicial process is done, the application to the Supreme Court and everything else and then at that point apply to the EPA?
David Clark
No, I'm saying that at all. What I am saying is, we will proceed in the manner that's as we think that will get us the UIC permit in a shorter period of time. So, I am not ruling out any thing at this point in time.
Again, part of what we are trying to do is, build a relationship with Navajo so to communicate with them. We have told (inaudible) to make a decision on whether to apply for non-bank or not. The initial comment was that the Supreme Court intakes 1%, that is correct, but they tend to take a higher percentage of Indian Country issues and this is a part of the reason for carrying a non-bank in the option of itself if you read the [percent].
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