DAK, I am flattered<g>, but seriously I think Jay should give you more satisfying answer. My thought is that it will definitely be cheaper to build the mine in Mongolia compared to in Nevada, US (30% cheaper to say the least). Although I am not sure how is other infrastructure in Mongolia, like railroad, highway... I know the railroad in Inner Mongolia is not bad, but not sure Mongolia Republic.
As for whether foreign companies can make money in China, I would give those foreign companies some credit: the reason they invest there without stop since 1980s is because they can make money there. No one wants to invest if they do not make money. As for how much money they can make, I think that depends. Some cases, more than they dreamed, some cases, not as much as they like.<g> I would buy the argument that after another 5-10 years, China will emerge enough their own strong companies, and by then it will be much harder and more costly for foreign companies to "crack" into. The potential market is/will be definitely there.
A couple of years ago, I read few, if any, comment on China doe not have its own name brand product on international market, but these 2 years, I have read a lot of them. That means the Chinese already realize the problem, so they start to work hard to create their own name brand. We will definitely see the result 5-10 years from now. |
