To: marcos who wrote (3070 ) 9/20/2002 8:07:37 PM From: E. Charters Respond to of 8273 The guvmints you have to watch are the traditionally acquisitive and corrupt.Mexico used to be rated at 12 years to expropriation. This danger appears to be receding, or may be increasing in sophistication.
When Canada reprises the Mexican mine grab we rationalize fiercely. Only Newfoundland (tried), BC, Saskatchewan, Ontario have grabbed mines big time. CDC stole Texas Gulf from Texas Gulf in Ontario. Newfoundland threatened to recently. Manitoba merely taxed old Hud Bay to death on reserves. Kerr Add in Ontario used to tell me that the one thing they were afraid of was being taxed on reserves. NEP on oil was a reserve tax and the US had to face this kind of taxation as well. Quebec has been quite bland about government power. They preferred the route of holding out cash to buy in and giants of mining were formed similar to Cameco (Soquem, Cambior). Once a putative platinum nickel discovery was annexed on the North shore to the highest bidder. Proved to be a dud anyway.
We are equally socialistic to any banana republic, only difference is, yes, we ain't got no bananas.
Peru looks good for now. But it was really only doable when Fujimora had everyone with wisdom teeth in jail. Ecuador and Columbia are scary in their own ways. Brazil is supposed to be shaky, but in reality you never could get any money out of there. Argentina is just plain hard to get to first base with, without a lawsuit. Of course Cobalt Ontario, could give old Argie a run for their money in the crooked mine lawsuit game. Argie has good mineral. They did not get the Argent in their name for nothing. Nicaragua has many a metal. And for now it looks stable. Honduras, Guatemala and El Salvador are forever question marks. Panama and Costa Rica just do not like mining. Loads of ore but won't let anyone touch it. Guyanan has ore. And pliant guvmint. Lots of bandidos. 60-40. Bolivia is also 60-40.
The old story is whenever a promotion starts in any Latino country, the boys sing the same song. "Things have changed, now, New Mining Law is In." They should get out the castanets, tambourines, fiddle, guit box, washboard, trumpets, and sing it. It's getting to be an old tune. Good for three or four festivas and then its back to the barricades or some politcal chicanery.
Some guys doing time wish they could have had as many chances as the Latin American countries have had with investors.
The difference I see with Cuba is that if there is a revolucione, it will be to demokratzia. And Holmer's land will not be in danger as it is not on an old claim from the Batisita days. It has no embargo problem. So I don't see any kind of government doing anything to them.
EC<:-}