The Canadian Government is aware of the status of Bumbat, but the situation is more complicated than you have presented. The Embassy has been very easy to reach and talk to, and has been as supportive as possible. But MAC's tactics are as old as the hills, self destructive, and injurious to the system and hence the Country. Rather than seizing the assets, our Mongolian partners have only said that they would. They have asked us to continue to finance without taking compensation. Obviously we refuse to provide "gifts". Some would call that extortion, others would say it's negotiation. Either way, the projects sits, the system is discredited, and Mongolia suffers (as does Tyhee).
Rather than allow Tyhee to win this, MAC has elected to have everyone lose. Kinda cutting off your nose to spite your face.
Tyhee has refocused, restructured, and is moving ahead. Our claims in Mongolia still stand, but now we are have a polymetallic VMS deposit in Canada to advance. It's big, close to infrastructure, and in our control. I know the geology and the rules.
Dave |
