Trevor, thanks for replying to David, I found it interesting.
I have a short simple "what if" comment on Bumbat.
<< The down fall of MGR may have been the majority (all) its eggs were in a single Mongolian basket.>>
GATA - Gold Anti Trust Action gata.org
I hope you are aware of the current activity of this organization,
along with Bill Murphy's lemetropolecafe.com the
Le Metropole Cafe web site that covers GATA related news
specific to gold and outside the gold focus.
My prediction is that economic events in the next 6 months will occur in
ways that will cause a bull market for gold. There will be many different,
but connected forces at work, with the underlining force driving events
being a cleaning out of past incorrect policies of governments and
those financial institutes that abused their powers.
If I am correct then the price of gold will reach numbers to reflect not
a normal price range, but that of abnormal conditions that occur after
people see their paper money representing uncertainty. If so then
whoever hold physical gold above or under the ground will hold access
to extreme riches.
The Bumbat mine in Mongolia has already been verified as containing
gold that can quickly come on line sooner than later, dictated by
how high the price of gold becomes. Imagine if the POG is $500 or more.
So, what if the above happens, then Mongolia will have a resource of
great riches on its soil, along with an international legal open case.
Imagine if Bumbat can deliver riches to this company, where the input
of a large amount of money was invested thru shareholders to realize a
return from the Bumbat mine.
In no way can I see this company relinquisting its rights of ownership to
this property. If the price of gold increases sharply in the next six
months, then the country Mongolia will be under great pressure to
either break the laws it comitted to in agreement with other nations,
or resolve the MGR/MAC problem current in its courts.
If price of gold and Bumbat shine bright for this company, then those
who now buy in for the speculation in Canada's soil will receive a
windfall extra in a share price increase. I fully expect the price
of gold to increase to a higher than hoped for level, and the Bumbat mine
to then be restarted.
Doug |
