I'm not going to get into one of those childish tit-for-tat sessions you get on here sometimes. I coundn't find the article on the websites I looked at. Please post the web address.
It's interesting that you wondered what I was afraid of. Fear is simply due to a lack of knowledge. I'm a mining engineer and only invest in mining. I like simple mining operations with simple mineralogies and I seem to do OK out of them. KCN being an example. The more complex the project, the more likely as an investor that there are factors you dont know about - fear. Lets look at the risks involved with AVL. Positives.... Its already running. Simple mineralogy - Gravity Sep. High grade - its not borderline - original calcs at around 10gpt Au equivalent - will have changed now Au is higher. Commodity price is already at the bottom of cycle. Simple mining method - open pit. Low capital.
Negatives..... Weather. Sovereign risk - unstable. Sovereign risk - political - change in taxation policy etc.
There aren't many mines that fail due to sovereign risk but they do get a lot of publicity - Bouganville. There are a lot of mines that fail because of insufficient knowledge - Beenup. But these are kept quiet. There are a lot of very successful mines running in very 'dodgy' places. If somebody wants to invest in Anvil I suggest they place weightings against the pros and cons according to their own theory and risk profile - make a decision on the outcome.
