post bfs; what happens next?, page-19

Granted Gerry soveriegn risk between these two countries is different both in extent and type and I too would prefer to see my investment in Egypt.However I seem to vaguely remember mention of a past mining project(s) that the Egyptian government of the time thought they could run better than the investing O/S company and promptly seized the assets resulting in the total closure of that project.Hopefully this sort of political stuff-up is far from the minds of the current Egyptian pollies.

This is where mack67s point re 50/50 JV with EGSMA hopefully has a large bearing and would be a disincentive to any political Egyptian threat that might occurr,no matter how remote.Also I agree that the recent granting of good prospective tenaments bodes well for the relationship between the Egyptians and GIP.It would be sheer stupidity for the Egyptians to repeat this effort if they want their country to advance economically.

As you have stated the similarities between these two companies and their projects do diverge in certain important aspects.I just hope the Australian investment community is intelligent enough to see your point re soveriegn risk amongst many other positives about this company and its Abu dabbab project.

It will be interestsing to see how the GIP sp is treated over the next 12 months and as to whether the bfs and financing arrangements have a significant effect on the sp or the market will want to see actual project development and production as occurred with AVL.

d.