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Alternative One Organization questions Montanore Mine proposal by Duane Williams, KLCB-KTNY Radio October 26, 2011 Alternative One is calling on state and federal regulatory agencies to expedite the review and summarily reject the Montanore Mine proposal. Alternative One believes the mine's owners are not serious about operating the facility, and considers a lengthy evaluation of the plan to be a waste of public resources. Co-founders Lynne and Sam Haley Rose describe the Supplemental Draft Environmental Impact Statement as a combination of previously rejected proposals, pseudo science, stunning inaccuracies and lack of completeness. They say anyone serious about moving forward would spend money to address the proposal's fatal flaws. Alternative One claims the mine's owner, Mines Management of Spokane has never managed or operated a mine. CEO Glenn Dobbs, says Alternative One, is a hedge fund manager by trade, runs numerous offshore corporations whose lack of transparency and objectionable business practices concern Alternative One. Alternative One claims the Mines Management's latest financial report shows they have about $22 million and, because of high executive salaries, are burning through it. According to Mines' Management's own balance sheet, claims Alternative One, it will take over $750 million to bring the Montanore to operation. Alternative One is asking where a company with no mining experience is going to raise that type of capital. _____________________________________________ Story by Duane Williams, KLCB-KTNY Radio, www.todaysbestcountryonline.com e-mail: klcb@frontiernet.net. Related Links www.alternativeone.org - Alternative One www.minesmanagement.com/montanore-overview.php - Mines Management, Inc. Montanore Project SDEIS - Kootenai National Forest website www.fs.usda.gov/kootenai - Kootenai National Forest

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