Well the MC is already priced like that eventuality has occured, so it's all gravy when that perception reverses.
It's a possibility but far from a given. I asked some senior mining execs that understand Sth America at RIU in perth in Feb about jurisdictions. These are folks that have commercialized successful mining projects in past.
Peru Chile and Bolivia are a worry, they avoid them.
Brazil, Ecuador and Colombia (once people move past the Narcos fantasy) are fine.
Also in Colombia el Presidente doesn't have majority vote so ruling classes won't want to upset their current arrangements.
He's also been approving energy (coal and oil) projects albeit with some stricter controls attached. He's realised they need hard currency. Pre election these were likened to cocaine trafficking.
Anything is possible but after digging deeper with folks in the know with first hand experience, it's fine atm.
Once the liquidity returns to markets, equities will get bid up again. The turnnis already in and QT is dead. The liquidity pump is inbound.
Armageddon has been priced into this stock which is ridiculous as there's effectively 3 million ozs in a jurisdiction that wants to leave its past behind and lift the living standards of the populace.
In the meantime let's see if the market understands PNG any better.
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