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Gold/Mining/Energy : Winspear Resources
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To: DueDiligence who wrote (7686)8/11/1998 1:54:00 PM
From: Buckey  Read Replies (2) of 26850
 
DD - It seems that almost every time I read of a company that has landed a deal with a former soviet bloc company has initially came out with Rosy projections etc. And almost invariably they run into major problems and setbacks. I know there are some good stories but the bad ones far outweigh the good ones.

There are opportunities but there needs to be a lot of work to set up a standard by which to do business there. Siberia and some of those seas do have enormous potential.
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