GDXJ - Market Vectors Junior Gold Miners Index Message Board

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Gold/Mining/Energy : GDXJ - Market Vectors Junior Gold Miners Index

GDXJ 93.63

-1.4%

4:00 PM EDT

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To: orkrious who wrote (113)	11/14/2009 9:49:45 AM
From: carranza2	Read Replies (1) of 196

The only thing that has changed since 11/2 is that the Mexican EPA has indeed revoked its environmental authorization. I don't know what will happen going forward. I don't know if the opposition's claim that there are no longer any legal remedies available is true. I do know that the story is far from over. A few articles about the NGD operation from the local newspaper for those of you who read Spanish. My takeaway: NGD indeed has a world class operation in place. The mine has been a very good thing economically for the community. The vast majority of the locals, including the Cerro San Pedro municipal government [which is bankrupt] favor it but it is unfortunately a game played at the federal level; vastly different con$ideration$ apply there, if you get my drift. My cynical take: someone or some group is out to fleece NGD because the mine will have a substantial gold production at a time when gold prices are rising. Why the mine was ignored since 1948 is a mystery; the authorities at the federal level will take their illegal cut and let the mine operate. I hope these Canadians can deal with these things. I suspect they can; there's moolah enough for everyone. This too shall pass. I am not selling. oem.com.mx oem.com.mx oem.com.mx oem.com.mx

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