Chalice Gold Mines Ltd. (TSX:CXN; ASX:CHN) has a project with just over five grams of sheer zone-hosted gold in Eritrea, a geopolitical risky country near Ethiopia. The risk may be too much for some investors, but others who like that kind of deposit grade may think that it can work because the government there requires a lot of foreign exchange. Note the company recently completed a successful negotiation with the local mining authority.
Read more: http://www.businessinsider.com/joe-mazumdar-gold-mining-companies-that-are-too-good-to-pass-up-2011-8#ixzz1V8mQHKE6
joe mazumdar - the gold report
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