Important Updat on Southern Arc
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December 13, 2012 at 1:30 pm PST (4:30 pm EST)
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Prior
Back to you on this one Dai Uy.
Here is the word from the Company, Dai Uy,
We consider Indonesia to be one of the most prospective areas in the world to be exploring, with an incredible number of high-grade deposits and some truly enormous mines. This is true “elephant hunting territory” as they say. Indonesia is certainly a country with its share of idiosyncracies, but it’s more a matter of understanding the culture and having the insight and the relationships to get things done. The democracy is functioning well and I haven’t seen even a hint of impropriety when it comes to regulators. As long as you follow the process and work within the system, everything seems to function well. But you can’t be naïve. That seems to be what happened to Intrepid. It seems they carried on funding their partner without a finalized agreement. And in Churchill Mining’s case it appears that they were exploring without permits and effectively trying to work outside of the system. Companies that navigate within the system can be very successful.
Rhylin Bailie
An afterthough; correctiont:
Mexico is not neither a 3rd world nor SA country.but they too have one hell of a problem with the the narcotics folks…………………..
Correct
AL:
My number 1 criteria in PM development and mining is the political stability of the country. Any info on this matter regarding Indonesia? (anyone?)
Columbia would appear to have great resources but F.A.R.C rather than the friendly government controls most of the development and mining areas and extorts miners and companies not to mention the kidnappings. An article I read this morning stated that the revolutionery groups in Columbia are becoming far less dependent on growing and distributing coca and MJ and are going after gold as a newer and more liquid source for financing their activities. I like Chile and Mexico but those are about the only SA/3rd World countries on my short list.