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Gold/Mining/Energy : Starpoint Gold -- Ignore unavailable to you. Want to Upgrade?


To: john mcknight who wrote (1922)3/26/1998 1:29:00 PM
From: Imran  Read Replies (2) | Respond to of 2378
 
John and all,

Hi. I've been following this stock and thread for a while now (about a year). I think the current topic of discussion regarding the locals, is very interesting. Being from Congo-Kinshasa, I would like to give my view on this issue.

I think the locals will obviously have some resent towards the company taking "their" gold. However, right now, they are selling the gold they are picking to on-site brokers- who I don't think give them a good price for their gold in the first place. If the locals did get a good price, then they would all be well off- which they aren't. So, if they are getting an offer from STS that will give them a stable income and some benefits, I think they will take it. The government here has included in their agreements with the mining companies that they have to help develop the communities also (roads, schools, clinics, etc.) as we have seen with the Tenke and Barrick deals. These are things that either don't exist in the villages where the mines are, or are very limited in their capabilities. So, the locals can benefit a lot both ways.

Just my view.

Imran



To: john mcknight who wrote (1922)3/26/1998 2:08:00 PM
From: R.A.K.  Respond to of 2378
 
Hi John, I'd have to agree with you in that STS doesn't really care to much about the surface gold. I think they're happy with the visual samples and will probably want to try and pin point a few drill targets. Watch for them to send a crew back to the DRC for further testing to try and confirm any of their findings. The potential looks to be there but then again a lot of these juniors always seem to spark but never catch fire. I'll be keeping an eye on them watching and waiting to see if this one is worth my $$$$.

Regards,

RAK