maybe we are all drawing a long, long bow here. Hopefully it's not just a ripping yarn.....
The quantity and quality of information in the public domain suggests that the deposit actually exists, though. And the recent developments in private companies JVing with IBN cannot be denied.
Where we may get burnt is the expectation that the Brazilian government will allow a foreign owned entity to emulate this strategy.
GZ mentioned yesterday potential renationalization of the oil industry - a harbinger of disaster for the Crusaders. It's policies like this that kept Brazil in the poorhouse, rattling the cage for 50 years. The last thing they need and we want is for this sort of nonsense to reemerge.
Where we should be focusing in the hiatus as we await the U story, is in Manga/indium deposit, because this is a potential beauty without the potential rutting walrus nationalism issues that surround Espinharas interfering.
Cheers
CAS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held