Never underestimate the power of money - with 6 billion reasons why they should mine, eventually they will mine.
The simplest solution would be to buy some non-DOC land that is adjacent to the area and do a "swop" with DOCs - that way everyone is happy. They could further back this up with a "royalty" paid on every ton mined so that when it is all mined, they can do a bit of landscaping (more employment for the West Coast) and hand it all back to DOCs again.
Of course, as history tells us, the shareholders always get the short end of the stick. My guess is that ,if all goes well, we will be lucky to see 10% of our original investment....
Sentia, what I have done as a bit of a hedge is I have bought a heap of NZOG shares which I believe have been oversold due to the PRC tragedy. When the NZOG SP goes back past A$0.90,(hopefully in the next 18-24 months) I will sell to make up a bit of my PRC loss.
PRC Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
