Philippines going in the complete opposite trajectory to Chile. Explorers/producers in the Philippines should benefit, as the mining sector is set to be re-rated by international investors.
The Marcos-Duterte alliance looks set to liberalise the mining sector even more as they realise their dependency upon it to generate much needed revenues for state coffers.
CLA will be in a great position to secure funding for the MCB project. There will no doubt be capital outflow from Chile into more mining friendly jurisdictions.
Young Environmentalists Plan a Rewrite of Chile’s Copper Mining Rules
Meanwhile, the outlook on Cobalt is looking strong, perfect opportunity for the company to revisit Opuwo (Cobalt price to continue rising over next three years – Fitch Solutions).
Philippines going in the complete opposite trajectory to Chile....
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Change
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Mkt cap ! $26.70M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $159.9K | 15.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6692274 | 1.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1751934 | 5 |
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| CLA (ASX) Chart |