The news yesterday of LAF going ahead has implications for CMX, and others operating in the Philipines. (CMX Didipio project is a hell of a lot bigger that LAF's BTW)
LAF's mine is the first fully permitted ready to go development in the Philipines for 20 years. Previously companies were very wary and sick of getting jerked around (and spending money for no return) by the Philipine permitting system.
This is a very significant development and it is THE major hurdle out of the way - and companies like CMX and LAF could become the next KCN.
CMX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
