"The Chatree mine, when operating, had had a profound effect on the economy of Central Thailand. So much so that it was the poster child of the Board of Investment, as it produced the goods as far as the intentions of the Government were to assist the economy of a poor rural area of Thailand. It is quite apparent that since the closure of the mine the area has suffered immensely and this is why the local populace is so supportive of the mine re-opening. Importantly, the coronavirus saga has had such a profound effect on the Thai economy, mainly because of its dependence on tourism, and the Government recognises what a lift to the economy a rejuvenated Chatree mine would be.
We hope to be able to update the market on progress in the near future, and as already announced, it is hoped to have a signed agreement before 31st January, 2022."
my local contact:
mentionded the dpim meeting 19/01, replied --> "dont worry about news. This year can open
KCN Price at posting:
$2.22 Sentiment: Buy Disclosure: Held
