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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LoneClone who wrote (20878)	9/13/2006 11:03:30 AM
From: Mr. Aloha	Read Replies (1) of 78407

With the Mongolian government acquiring stakes in all private mining projects and assessing a 68% "windfall profits" tax, there have to be questions now about whether Invanhoe can raise the $5.6 billion needed to finance the project. No matter how good the resources look, if you can't profit from them as an investor, it doesn't matter. If large projects like Ivanhoe's don't go to production as expected, or exploration stops in polically questionable areas because of government actions like this, the huge increase in supply that most analysts expect in coming years to meet the growing demand for metals won't come. Many of the biggest mines planned for coming years are in politically questionable areas like Iran, Bolivia, Venezuela, and Mongolia. If supply doesn't grow to meet demand, the worldwide scarcity of metals will get even worse and prices will move much higher, proving all the skeptics wrong.

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