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

To: teevee who wrote (9411)	10/2/2006 5:27:22 PM
From: Land Shark	Respond to of 19697

Let's do a reality check here. >Would any board "push the envelope" of their feduciary duties, responsibilities and liabilities in the current business climate and take on that sort of risk? 12 MM+ OZs of Gold + blue sky potential at a deep discount. The area of Ecuador in exploration has a long history of gold mining and the people are for it. The Ecuadorian Govt. is not in the business of mining and wouldn't oversee a project. Why would majors kick the tires of this project if there was no chance of them seeing it to fruition? I'm sure they're not there on vacation. >I know of another company that couldn't finance their project in Ecaudor because of policital risk insurance not being available. What company is that? What's the size of their project? What sort of economics are behind the project. There's factors of RISK and REWARD. If the reward is big enough, then the risk factor is less of a factor in making an investment. Perhaps the project died because nobody thought it would be profitable.

To: teevee who wrote (9411)	10/2/2006 5:37:19 PM
From: sageyrain	Read Replies (1) \| Respond to of 19697

"I know of another company that couldn't finance their project in Ecaudor because of policital risk insurance not being available" Facts please! Give us a press release or two, how bout it?