Walt,
I remember when the natives took a "hard" negotiating stance with the oil companies up in the Delta when they were talking about development of the oil and gas fields up there and building a pipe line down the McKenzie....every time a deal was supposedly done, they kept coming back for more and more and more and more and more..... the oil companies said good bye and the natives said "wait a minute, we were just negotiating"...well we all know the outcome.......you are correct about Kennecott wanting to pull out....they have read the writing on the wall....and their parent company, RTP, currently feels that they will get more exploration bang for their buck in the under explored and vast Tethyan orogenic belt, which is continuous with the western porphyry arc of the South-east Asian Archipelago, and extends across southern Asia, through the Himalayas, Iran and Turkey to the Balkans and then the Alps of Europe......My prediction is that the native run-mafia like and extortionist style of NWT government will not be tolerated by corporations who prefer to operate in an environment governed by the "rule of law"...yes its true-Canada and it's provinces and Territories have for the most part deteriorated into another third world back water-even ministers in the province BC now complain that their "Soviet Style" management of the provincial economy isn't working:-). This means that exploration expenditures will continue to decrease and stay low for a long long time in places like the NWT and B.C., for example.....Have fun and good luck prospecting this summer....
regards,
teevee
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