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19/06/18

11:55

Post #: 33793485
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Originally posted by stevenjd ↑

"jurisdiction which is much less important than value IMO."

what is 100% of a successful producer worth ? Something.
What is 100% of a unsuccessful developer worth ? Nothing.

Contrary IMO, durasdiction is more important than value.

I held a position in NKP with 60 m oz of high grade platinum, and it failed to become a developer for the last 10 years, to which it was handed the assets on a plate from Anglo Platinum . South african madness.

Durasdiction, is everything. The emotional mistake that punters make is that bigger is best, greed deceives the eyes.

The little steam engine who can, is the one who gets to production, no ifs, not buts, no excuses. Vs. "we had a wonderful resource, but the government took it from us, or the state failed into anarchy, or banks simply wont lend us the money, so we diluted the crap out of holders, and ended up in administration"

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Are you suggesting Mali is not supportive of its mining industry? Do you have any sources? Genuinely interested. Thanks.

BGS Price at posting: 51.0¢ Sentiment: Buy Disclosure: Held
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