on the brink?, page-28

I did not realize that Sudan was already Africas 3 rd largest gold producer.

So finding an advanced gold reverse from an explorer in need of finance may not be so difficult.

However if feel the directors of CHN don't just want a typical project to buy into; they want an exceptional project that has a long life. That is why STB may still be high on the possibility list, despite being in Eritrea.

Also what I find staggering is the lack of mining companies in Eritrea compared to Sudan north or South Sudan. To me it seems Eritrea mining sector is in a more infant state than the surrounding countries.

The directors of Chalice must enjoy going through all the other countries mining acts and analysing the prospective companies. I am surprise the individuals from the ultra rich nearby countries are not funding the gold projects. There must be years of distrust or something.
The good thing about STB is the project is just so massive the govt has stated we no longer want our 30% buy in and 10% free interest, but we want 50%. So with that in mind, and given the project is world class and around 17 year life, anyone doing their feasibiliities can say with high degree if certainty that the Eritrean govt are not going to make life even more difficult, as they will get more than the Eritrean Mining Act states. So that is reassuring.

I take it you Rob are in the region not in Aust.