Apex Silver SIL - going stronger -
investorshub.com
At March 31, 2007, the SIL liability associated with
the derivative positions was fiat$709.9 million -
doesn't matter in comparison? -
to SIL - Mission - and the very positive reassurance
statements -
from the Bolivian Government -
Bolivian President Evo Morales issued a Supreme Decree -
on May 1, 2007 declaring a Mining Fiscal Reserve -
over the entire national territory -
to include all mineral resources -
granting the Bolivian Mining Corporation (COMIBOL) -
the authority and right to administer and exploit -
the Fiscal Reserve.
The Supreme Decree provides that mining concessions granted
prior to enacting the Supreme Decree -
which expressly declares that all mining concessions granted
in the past, prior to this legal disposition,
are going to be honored and respected.
Decree 29117 has four articles:
Article 1:
Declares a National Mining Reserve for all national
territory, granting to the Corporacion Minera de Bolivia
(COMIBOL) all power for its exploitation and management.
It expressly declares that all mining concessions granted
in the past, prior to this legal disposition, are going
to be honored and respected.
Article 2:
Prohibits the granting of any other new mining concessions
whatsoever and establishes that any request for concessions,
even those that have started their filings
shall not be granted.
Article 3:
Establishes that the Servicio Geologico Tecnico Minero
("Sergeotecmin"), which is a technical mining organization
of the government, will not be able to enter any new mining
agreements without prior authorization from the government.
Following the completion of studies and approval by
Sergeotecmin, prospective areas can be explored by
third parties through signed agreements with COMIBOL.
Article 4:
Establishes that areas of the National Mining Reserve
might be partial or totally removed from that Reserve
after Sergeotecmin has finished studies to be carried out
on behalf of the Bolivian government.
I think, The Supreme Decree - has been the most positive
fundamental basic -
for SIL shares increased appr. $6/sh since May 1st -
is adding appr. fiat$350 million in market value
to the Apex Silver - SIL shares values -
and Silver investors will find -
Franklin Mining FMNJ - Cerro Rico mines etc.
FMNJ - Mission -
Imo. Tia.
God Bless
tinyurl.com
investorshub.com |
