Some 250 earthquakes occur each year on or in the waters around Mindanao. One of these days a large earthquake measuring 8.0+ will hit on or around the mine site and that'll be that. Just another of the threats hanging over this stock.
I'm happy to have reduced my holding to next to nothing as I now realise that if I'm a gold bull then there are much safer plays than this one. It might look undervalued but can't see it ever reaching its potential so I'm as good as out and looking elsewhere.
https://www.google.com.au/search?q=mindanao earthquakes&ie=&oe=
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