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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (27865)	3/4/2005 10:35:12 PM
From: Carlos Blanco	Respond to of 110194

btw, with your being from that neck of the woods, I get even more comfort from your liking it. for now, especially so early in the development cycle for a relatively unknown property in the middle of nowhere, argentina is not a problem in terms of location. the govt seems to be on its best behavior in terms of encouraging mining activity and also seems determined to maintain currency weakness. but, keep your eyes & ears alert for rumours as development of the property progresses and its wealth becomes more tangible and starts drawing attention. there will be a strong temptation for bureaucrats to get their hands on some of that wealth, particularly if economic conditions are difficult. probably not confiscation, but certainly (as with chile currently or south africa) the politicians will find it hard to resist continual increases in taxes/royalties/fees. there's no real history of stability or predictability wrt. property rights in south america, so as agua rica becomes well-known and starts making serious money (and thus NTO rises to double digits!), it will be a good idea to take some profits along the way as insurance against a nevsun/metallica type of event.