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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (3726)2/20/2003 1:52:58 AM
From: goldsheet  Read Replies (1) | Respond to of 4051
 
How about throwing another country into the discussion:

"In Niger, Etruscan's funding partner Semafo Inc. recently announced that a US$12.5 million loan facility is available for the Samira Gold Project from the African Development Bank and that negotiations with other financial institutions to complete the project financing are underway. Samira has a gold resource of 2 million ounces and production will commence with the mining of the upper oxide portion of the deposit which, at a US$300 gold price has a mineable reserve of 715,000 ounces gold."

Not promoting either stock or Niger, just another "penny worth of thoughts" ;)

P.S. Mali Map: etruscan.com



To: Claude Cormier who wrote (3726)2/20/2003 12:21:11 PM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 4051
 
Now that the some companies have demonstrated that may be a viable business model it probably won't work anymore as the local mafia type groups will get into the cash stream earlier and extort the juniors earlier in a variety of ways. It is free money to them now that the model has proven itself and the big companies are known to be willing buyers. It's very risky in my view.


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