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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (86690)	6/9/2002 8:16:11 PM
From: E. Charters	Respond to of 116836

Only in holocaust promotion. You have movie rights, charities, and shakedowns of Swiss banks. It makes money. Trust me. There are a few (gold mines) in Yemen. Ask Chuck Fipke. But Boy, is that country a can or worms. Almost as bad as Columbia. 1500 hostage takings per year! (Columbia is about 3500) ME is like Asia, more red tape than Canada. As many armed gangs as South America. Don't look to see your investment dollar coming back there any time soon, unless the project is worth billions, i.e. it's worth a 100 million in bribes and the government is extremely pliant. Medium size projects will never get off the ground. That list of never going-to-be-developed on that continent includes all the Stans, Russia, India, Vietnam, China, Philllipines, Indonesia, Malaysia, and New Guinea. The Solomons and American controlled areas have half a chance. Australia, Canada, the US, even Europe, are OK in that it is marginally possible to get into production without huge bribes. Red tape and small bribes are standard. Peru, for now is 50-50. Chile is dicey and so is Argentina. Brazil is a no-no due to uncertain capital outflow. Africa varies. East Africa is either too unstable or too corrupt. Congo is far too unstable. Nigeria is too corrupt. Most do not have certain capital outflow. Moslem controlled areas are dicey, violent and do not invite foreign business. That leaves perhaps Ghana. South Africa is too violent, and red tape is mounting (government games and confiscation.) Their face is nice, at first. Deep down its trouble. Yo have to know where to go to be sure you are not wasting your money. Every 3 to 5 years, the countries send out legations who do a tour of conventions touting their "new mining law". It at first looks good, with all kinds of promises. So the companies go in and for a while they are happy. Except for the incompetent domestic partner who does not have to spend sou to earn in, things are reasonable copacetic. Then they find something and the problems start. It never fails. I could name 30 countries. I could not name 30 mines nor ten that ended up with the people that found them. (Hell, that is true of Canada too.) EC<:-}