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Gold/Mining/Energy : Canadian Rocket Red's Picks -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (9391)10/2/2006 9:41:12 AM
From: Land Shark  Respond to of 19697
 
I'm aware it exists... My point was that the ARU project is worth Billions and finding an insurance co. to cover that sort of loss at an affordable premium is impossible for any country of risk outside of North America or Mexico.



To: russet who wrote (9391)10/2/2006 1:22:30 PM
From: teevee  Read Replies (1) | Respond to of 19697
 
No lender will finance mine development without political risk insurance and no board of directors would approve a takeover without being able to finance mine development. In spite of this, I expect news will be carefully managed and the ARU story will continue until most of the paper has been offloaded into gold funds owned by retail investors.


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