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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Claude Cormier who wrote (3686)2/18/2003 10:07:09 PM
From: IngotWeTrust  Read Replies (2) of 4051
 
You don't know much about Mali, do you? Most of Mali is LACED with placer properties, and only two sections where there are any proven veins worth exploring, let alone developing. The Ruskies dumped Ashanti waaaaaay back when...couldn't make a go of it...and it has changed hands at least 3 times in the last 5 years...it is tough to make a buck in Mali.

Their concession/exploration rules and regs are among the most modern in all of Western Africa. Anyone can get one,
but after 2 years they revert back to the govt.

And the Malian govt gets an automatic 10% cut in from the top...and if you find something, they have a PERMANENT right to purchase 10% additional at original 10% 30c to $3 a share as a rule.

A stinky little outfit that got run out of Mali for screwing the natives queered it for all explorers in Mali's rich placer deposits. Even RTO won't allow Malaysian mining...the hydraulic mining branch of RTO to go in there and make a killing.

There's a delta on the West side of Mali'a Nioleni gold concession that would put even Barrick's annual production to shame...problem is...Ghana won't deal on their half of the delta in the middle of the River.

MALI IS A TOOOOOOUGH place to make a gold buck.

gold & platinum_tutor
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