I can't agree with the broad (not RMX specific) comments around...

I can't agree with the broad (not RMX specific) comments around sovereign risk in the OP. It doesn't matter if you have the best regulation and policies in the world if you are unmotivated and incapable of administering them under an anti-mining theocracy. Nationalisation is also on the hidden agenda. There are sound reasons why mining execs rate the Philippines in a similar playing field as Zimbabwe, Venezuela and Cuba for places to go mining (ref: Fraser Institute surveys).

Each project needs to be considered individually and then the un-expected needs to be expected. Taking the country as a whole, then having sovereign issues destroy your dreams is probably a coin toss, IMO. There are plenty of tears being shed by other ASX listed hopefuls operating there. However, specific to RMX, the experience and track record of Mindoro, and the granted MPSA tenements are big positives.