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Gold/Mining/Energy : PAW - Pacific Wildcat Resources Corp -- Ignore unavailable to you. Want to Upgrade?

To: I_C_Deadpeople who wrote (640)	2/28/2011 4:01:09 PM
From: kidl	Respond to of 3412

Good point - eom

To: I_C_Deadpeople who wrote (640)	2/28/2011 7:34:58 PM
From: ogi	Read Replies (1) \| Respond to of 3412

Not sure about keeping the price suppressed, but I do think Paw has financial backing in place ready to go. One could well use a Law degree to vet the whole deal but as I understand it the vendors must obtain a mining license to trigger the full payment from Paw. The Mining License issue which Paw tacitly acknowledged today, is multi level, starting with Forestry. Mrima Hill is designated as sacred and as a nature reserve. "In Mrima, a forested hill -- which was gazetted as a sacred grove under the Antiquities and Monuments Act in 1992 and gazetted in 1989 by the Ministry of Environment and Natural Resources as a nature reserve -- is at the centre of focus as a South African firm (Cortec Mining Kenya Limited) has been given the go-ahead to prospect for precious metals." africanconservation.org Seems lots of transgressions on this land already before Cortec/PAW. It could be Paw is actually an excellent responsible answer to the mish mash approach that has affected Mrima in the past including illegal logging which has nothing to do with mineral extraction. Ceding control to CORTEC/Paw via licenses could guarantee responsible environmental stewardship the area won't get without it. Meanwhile the biggest impact on a forest reserve would be open pit and that seems to be Cortec/Paw's best avenue of approach:: ""Although these recoveries are lower than some other niobium and REO deposits, the economics of a potential open cut mining operation may be favourable, given the potential of: 1. The mineralization to be mined via open cut mining at a low strip ratio; 2. The comparatively high head grades. It is further expected that developments in metallurgy and processing technologies since the 1970s should facilitate improvements in recoveries. Pacific will, at the appropriate time, undertake its own metallurgical tests. The Mrima Hill project has significant infrastructure advantages. It is accessed by a sealed road 80 km south of Mombasa, the largest port in East Africa. Mombasa is a modern city with extensive engineering works and an oil refinery. A 33KVA power line runs from Mombasa to the foot of the Mrima Hill deposit. Modern accommodation facilities are located at Diani Beach, 40 km from the project. "" Paw does not have to pay until the license issue is completed by Cortec as I understand it. Odds are they get it as Mrima is well positioned to be a relatively low impact mine and great economic boon. My view for now is to wait for developments.