CGG 0.00% 53.0¢ citadel resource group limited

outstanding gold results, page-19

  1. 9,046 Posts.
    'If it's open-cut, in Saudi Arabia (where they get far more severe earthquakes than in Australia), prudent mining practice will ensure that the slope of the pit walls will be sufficient to withstand earth tremors unheard of in the Australian mining industry (i.e. significantly less vertical).'

    For what it's worth,I spent a decade living on the north side of Jeddah. Never felt a single earthquake. Can't recall hearing of any either...Were a few moderate ones on the Egyptian side of the Red Sea. The risks to me with CGG are more sovereign....ie rebellion against the monarchy, middle-east blowup, or just plain local sleaziness screwing them out of their project..ala UCL in Iran...

    Don't mind holding a few at that risk level....but won't get too enthusiastic with the 'buy' button..
 
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