Countries in most of Africa and parts of Asia due to massive corruption represent this scenario.
I decided a while ago (during last gold boom) not to invest in mining unfriendly jurisdictions after losing significant sums of money (from memory Lihir gold operating in Mali - Africa).
No matter how attractive a deposit/grades/share price/economics, I stay well clear.
I even sold out of the other Philippine gold play MML which is doing 'ok' at the moment but could turn into another OGC in the future.
GL to all holders
MM
OGC Price at posting:
$3.35 Sentiment: Sell Disclosure: Not Held