Would still be meetings at the convention with the leading Party Officials and, you know, the candidate would meet with people and so it was a democratic process in the sense that candidate would meet with people. It was a democratic process in the sense there was consultation, deliberation and so forth, though ultimately the candidates decision. I think as its moved away from the convention beginning 1976, its been a process focused much more on the president ial candidate and the people around the president ial candidate. They still consult with party leaders, talk to capitol hill, talk to governors, solicit input. But ultimately the circle of people in the room when the decision is made tends to be the president ial candidate and a few people close to them. Im going to get our questioners ready, a few more questions and then turn to the audience again. Weve referred to, in terms of the convention, that we might have a different kind of year especially on the republican side. Weve ma
I love the agency. Its done a lot of good work. About 35 years ago, their director at the time, vince mckelvy, sat down and pretty much pulled together on his own the idea of Mineral Resource classification. It really hadnt been put out there as succinctly as vince put it out as you see here posted behind me. He said, look, we have two classes of minerals, reserves and resources. The reserves i can identify, map them, drill them, core them, assay that and i can tell you, for example, their measured or inferred value. Versus resources that i havent discovered yet but theyre hypothetical or maybe even speculative. He made that distinction and further divided resources into measured and indicated. In the upper lefthand corner youll see the box reserve, and thats what reserves are. Theyre indicated theyre actually bankable in the oil industry. You can book reserves, take to the bank, its collateral. Same in the Mining Industry. So theres a difference between re reserves and resources. The
Lists of minerals and strategic and critical, they differ from time to time and because of economic conditions. They do infer a supply chain which marc is going to get into here a little while. They also, infer that there is foreign imports either partial or total. So that is of interest to us. And there could be severe economic repercussions if, for shortage of Critical Minerals and of Course National security concerns tells you that mineral is strategic. This is, as i said, one of the best probably sources on the topic and again, the definitions are a little squishy but they say that there are minerals that actually dictate the Economic Health of the nation or Strategic Minerals will always be critical, but Critical Minerals will not always be strategic, okay . Now, here the different metals and element involved in both classes and you can read that. The books get into it in detail. I dont want to belabor too much today. Notice Strategic Minerals include rare earths. Fissionable mate
They act as Emergency Responders with us. The southern ute have been an incredible and incredibly diligent and being embedded in our command center, working on this. The professionalism has been wonderful, so we will make sure they are properly reimbursed for expenses. The 2nd process is the claims process, what damages have it occurred, and we use the federal claims tort act in order to process those claims. How does the federal tort claims act help the navajo . They lost a huge amount of irrigating water which can have longterm devastating effects of drought continues and they do not have the water now or in the future . How can they be made whole . Two things that are happening here as well. We are talking to the navajo about how they get reimbursed. We need to work with the president as well as the Navajo Nation epa to reimbursed for their expenses. The 2nd issue is the claim process. I want to make sure that we are all aware that the reimbursement process is quite different. While
There was pressure buildup at the Gold King Mine. They made a judgment that turned out to be wrong. Whether constitutes Due Diligence and factors, thats what the department will have to advise us. We will follow up to see if there were mistakes made, if they could have avoided this or if there was other mistakes. Thank you. I read a long and detailed testimony to be offered later he points out concerns about the 3 million gallons but also about whats coming in the years to come and the Navajo Nation will need. Is there any reason to think that this is more than the trigger for this attention . I think it has raised visibility of these issues in a way that im hoping something good can come out of it so we will be better off in terms of how we manage these sites moving forward. Weve been working with the navajo for years. We will continue to do that. We will address concerns that they have identified as best we can. We now know the water may not be at the level it needs to be so that we