Ann: Farm In & JV at ***ong and Taechang Projects, South Korea, page-7

Seems that as long as SAU revenues flow as projected, the new partners have cash in the bank, and need a lower SP to average down. But Korea is a puzzle - if war breaks out with the north, particularly one with a nuclear incident , there won't be much mining going on in Korea for some time .... totally Fukashimed ?
Also, why have so few Koreans invested in this 'lay down misere' ???
Till this proposed union is bedded down and has produced viable offspring, it will not bring SP vibrancy in what remains a gold mining bear market for all speculative, non income, low production , low mine life , non hedged miners. Mining company costs remain substantial, and only mergers and aggressive cost cutting (shedding surplus, high cost, low productivity labour and listing costs) will achieve a better bottom line.
Mining in Asia seem increasingly problematic - the Phillipines, Indonesia and Thailand are just a few former dream factories that are now 'no go areas' .... why will Korea continue to be different .... seems Koreans think mining is passe .... are these relentless sellers old Asiatic Gold investors taking advantage of any liquidity ??
One wonders how long it will take a desperate WA government to look at further levies on gold miners and iron ore .... after all robbers bust banks because thats where the money is ....