Hi Mr. Metals. Rest assured the big boys have started to notice. And they too are starting to get loaded and long.
Investors have this misimpression that Canada is a safe country to invest mining dollars in. That is why Cross Lake and Donner enjoy so much attention.
In fact Canada has proven to be a good country to find minerals but a hell of a place to put a mine in production, what with all the various levels of governments and special interest groups trying to get a piece of the deal.
The COW system in Indonesia is the world's most sophisticated mineral tenure system in the world. If you earn your COW and have an economic deposit, such as Weda does, then you are home free. Bre-X never had a COW but they would have received one if they had a true deposit.
Indonesia I believe has "bottomed" out and is being helped back up by the IMF, the United States, and Japan. Suharto has to appear strong and not too willing to bow to outside pressure. But believe you me, at the end of the day, a workable solution will be achieved. And also remember, Bre-x was a made in Canada scam, created by Fatboy, Felderhof, his geologists, and the unwitting help of a large part of Canada's brokerage industry.
Surething |
