SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : NANECO - NNE-A - The Big Time
NNE 34.73-3.8%Jan 23 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: baystock who wrote (99)5/2/1999 2:52:00 PM
From: Gord Bolton  Read Replies (1) of 106
 
The Chinese had a very good idea of what was there before Naneco got involved. There is a mill on the site, ore had previously been mined and there was plently of drilling done. Naneco have redrilled, expanded the resource and done independent assays for their own due dilligence.
I do not think that the Chinese sought western involvement and expertise in an eloborate ruse to take advantage of the share holders.
We could both name a hundred junior mining companies who have ran into trouble with a JV partner or government regulatory body in North America or elsewhere.
The fact is China needs some foreign investment, technology and management expertise and is happy to work with Canadian companies on many projects.
The risk-reward ratio is very much in favour of Naneco at this price level and point in time. Naneco has plenty of gold assets in the U.S. that might justify the share price if the big western banks and institutions were not sitting on the POG.
Naneco will have to keep their head up just like all juniors involved in JV and in foreign countries. China is probably a lot more politically stable and trade oriented than a lot of others that I could name.
I'm sure that China will expect some reinvestment from the profits and I am sure that Naneco will be happy to develop a dozen more similar projects in the immediate area.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News