As you well know from your experience with FAR, no matter how good the discovery, management can turn a peach into a cactus and shove it you know where.
Remember how Cath .Norman was lauded by one and all. And where did it all end?
You must acknowledge both sovereign risk and management risk, imo.
What if the Chinese were to approach the government with a proposal to build them, say, a port? And all they want it IVZs leases? And offer to build all the infrastructure. Been done before.
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